# Project Monitoring and Control ProblemsP

Project Monitoring and Control Problems
Details:
As a project management professional, it is important for you to be able to review numbers and report on what they are saying. It is also important for you to be able to use software that helps you keep timelines and keep the project running on time and smoothly. This assignment will continue to help prepare you for your responsibilities. Respond to the Following ProblemsYou are a project manager on a project that uses earned value management. The project has the following budget and status:
Project Duration (months):

14

Current Reporting Period (month):

6

BAC:

\$387,000

Cumulative PV:

\$68,345

Cumulative AC:

\$78,379

% of the project completed through the reporting period:

19%

Estimate to Complete:

\$294,677

Based on this information, determine the following:

Cumulative EV
Schedule Variance (SV)
Schedule Performance Index (SPI)
Cost Variance (CV)
Cost Performance Index (CPI)
EAC (bottom-up)
VAC (bottom-up)
TCPI
Based on your calculations in Question 1 above, respond to the following:

What is the status of project accomplishment performance through the current reporting period? Why?
What is the status of project cost performance through the current reporting period? Why?
Is the project projected to complete over or under budget? Why?
Interpret the TCPI metric.
Based on your calculations in Question 1 above, an inexperienced and arrogant project analyst from the project management office has computed an additional metric: Cost Schedule Index, which equals SPI * CPI. He wants you to report this metric to the customer, instead of SPI and CPI separately. What should you do and why?

The program manager doubts your numbers. In particular, he does not believe your EAC number and requests that you calculate two independent EACs. In particular, he wants the following IEACs calculated from rows two and four in Table 23-5 in Snyder, (2013).

Compute IEAC1= ((BAC- EV)/CPI) + AC
Compute IEAC2= ((BAC- EV)/(SPI*CPI)) + AC
Interpret IEAC1
Interpret IEAC2
Based on items 1-4 above, what do you think the program manager will request from you regarding the bottom-up EAC?
You are having a hallway conversation with the same project analyst from Question 3, who is realizing that he may not know as much about earned value management as he thought when he joined the company. Still, he is convinced that the following statements below are correct. How would you respond to him based on each statement (i.e., formulate a specific response and supporting rationale for each statement below)?

EAC becomes Cumulative AC at project completion.
Cumulative EV can be greater than BAC at project completion.
EAC can be smaller than BAC at project completion.
ETC can be greater than 0 at project completion.
Ensure that your last name is in the file name and submit your completed Excel file by the end of this week.

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our Guarantees

### Money-back Guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism Guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision Policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.