Need help - EVM (Project Management )

Due Date: Sunday by 11:59pm Total Points: 100 Instructions: You are the project manager of a software development project. The team members will be working on five different components. Each of the components is budgeted to be $2,625, and all components are supposed to be completed in five weeks. Using the status in the following table, find the following values at the end of week four.

Project Planned End Date

Planned Budget

Actual Amount Spent by Week Four

Planned Completion by Week Four

Actual Completion by Week Four

Software Development Project

End of 5th week

$13, 125 for total project or $2,625 for each component

$9,000 Four out of five components

Three out of five components

Acronym Term Formula Answer Interpretation

PV

EV

AC

SV

CV

CPI

SPI

BAC

EAC

ETC

VAC

TCPI

PMG640 – Project Scheduling and Cost Planning

Unit 6 Assignment: EVM

Requirements:

 Use this MS Word file to complete your assignment and submit via Blackboard.

 Save your files using the following filename convention:

o EVM – FirstName_LastName

Be sure to read the criteria, by which your paper/project will be evaluated, before you write, and again after you write.

Evaluation Rubric for Unit 6: EVM Assignment

CRITERIA Deficient

Needs

Improvement Proficient

Exemplary

0 – 15 Points 16 – 19 Points 20 – 24 Points 25 Points

EMV Reserve justifications have no basis based on estimations but some justifications provided.

Justifications for

reserve fund are

based on clear

estimations using

EMV calculations and

or PERT. Some of the

estimations

incomplete and

justifications are

partially complete.

Justifications for

reserve fund are

based on clear

estimations using

EMV calculations

and or PERT.

Some of the

estimations are

complete and

matches the

justifications.

Justifications for reserve fund are based on clear estimations using EMV calculations and or PERT. The estimations are complete and matches the justifications.

Milestones All activities are Sequenced using the predecessors’ column without a closed network diagram. At least 1-2 of your tasks relationships must be different than Finish to Start.

All activities are Sequenced using the predecessors’ column without a closed network diagram. At least 3 of your tasks relationships must be different than Finish to Start.

All activities are Sequenced using the predecessors’ column with a closed network diagram. At least 3 of your tasks relationships must be different than Finish to Start.

All activities are Sequenced using the predecessors’ column with a closed network diagram. At least 4 of your tasks relationships must be different than Finish to Start.

Cost Baseline Cost baseline do not include at most of activity cost estimates and when added up and does not equals the cost baseline.

Cost baseline include at least 80 percent of activity cost estimates and when added up equals the cost baseline.

Cost baseline include all activity cost estimates and when added up equals the cost baseline.

Cost baseline include all activity cost estimates and when added up equals the cost baseline and contingencies.

Summary Budget Summary budget partially updated to include cost baselines estimates.

Summary budget 50 - 70 %l updated to include cost baselines estimates.

Summary budget 80 %l updated to include cost baselines estimates.

Summary budget fully updated to include cost baselines estimates.