Info Tech Project/Team Mgmt

To: CEO, CIO, Wellness Works Project Representative

CC: Project team

From: <Your Name>

Subject: Project Status Evaluation

Date: <today’s date>

1. Status Evaluation

2. Project Analysis

a. Impact of scope creep

b. Significance of the baseline

c. Impact of baseline change

d. Estimated vs. actual costs

3. Forecasting

a. Assumptions

b. Projected end date of the project (schedule variance)

c. Cost to complete the project (cost variance)

d. Forecasted overrun at completion (estimated at completion)

	Earned Value Calculation
	Milestone Completion
	Actual Cost (AC)
	Actual % Complete (APC)
	Planned % Complete (PPC)
	Budgeted Cost at Completion (BAC)
Current	Earned Value (EV)	EV = BAC * APC
	Planned Value(PV)	PV = BAC * PPC
	Schedule Performance Index(SPI)	SPI = EV/PV
	Schedule Variance (SV)	SV = EV - PV
	Cost Performance Index (CPI)	CPI = EV/AC
	Cost Variance (CV)	CV = EV - AC
Forecast	Estimated Cost at Completion(EAC)	EAC = BAC/CPI
	Variance at Completion (VAC)	VAC = BAC - EAC
	Estimated Cost to Complete (ETC)	ETC = EAC - AC
SPI	If < 1	Behind Schedule
	If > 1	Ahead of Schedule
	If = 1	On Schedule
CPI	If < 1	Over budget
	If > 1	Under budget
	If = 1	On budget

4. Impact of the past

5. Corrective Actions

a. Immediate actions

b. Target dates

c. Necessary steps

References

IT 625 – Project Milestone 2 Thursday, June 1, 2017