Is4532 Project Tracking Analysis
IS4532: Project Management and Outsourcing
LAB #3: Project Tracking
Tasks for this week:
Exercise on project tracking using MS Project 2010
Exercise on EVM using the Games for Kids Project. Refer to the other document.
Answer needs to be submitted to Blackboard Assignments
Please use the assignment template provided.
Deadline of submission – coming Sunday.
LAB 3: Project Tracking
Project information (same as previous week)
Suppose that you are the project manager from the system development team in a game development company. Now, you are responsible to manage a game development project. Table below contains the project information. For the purpose of this case assume the following:
The project begins on Nov 3, 2014.
The project …show more content…
Right-click the Select All button (the square above the task no. of task no. 1), and then click Tracking to see more tracking-related information as you enter actual data. Note the changes to the Gantt chart.
41433751593850034290014097000
Set the status date. Click the Project tab, and then click the Status Date button under the Status Group. Type 2/17/15, and then click OK. It is important to set the status date to make the tracking features work properly.
4257675-190500
View the variance and earned value data
View the Variance table. Right-click the Select All button (the square above the task no. of task no. 1), and the select Variance to display the Variance table.
Display the Earned Value table. Right-click the Select All button, and then click More Tables. A dialog box will pop up.
Select Earned Value from the list, then click the Apply button. The table is then shown:
Notes: All the fields on this sheet are calculated, except EAC and BAC. You can type values in those fields to change information in the table.
New Term Old Term …show more content…
Earned Value (EV) Budgeted Cost for Work Performed (BCWP) How much work has been done?
Actual Cost (AC) Actual Cost of Work Performed (ACWP) How much has been spent?
Budget At Completion (BAC) What was the entire project supposed to cost?
Estimate At Completion (EAC) What is the project expected to cost now?
Question: For Task 2, why is there a CV of ($3,600)?
In Task 2,
Cause the BCWS is 28800 and the ACWP is 32400
Amount paid to Kathy’s works = 360x 50
Amount paid to John’s works = 360x 40
Total wage paid = 360 x $(50+40) = $32400
In order to calculate the CV, we need to subtract ACWP by BCWS
So CV= 32400-28800= $3600
Question: For Task 3, why is there a SV of ($2,560)?
SV equals to EV minus PV.
For Task 3,
EV is 60% of the BCWP($6400), so it’s $3840
PV is $6400 as stated in the charter.
So SV = $3840 - $6400, -$2560
**** The END
LAB #3: Project Tracking
Tasks for this week:
Exercise on project tracking using MS Project 2010
Exercise on EVM using the Games for Kids Project. Refer to the other document.
Answer needs to be submitted to Blackboard Assignments
Please use the assignment template provided.
Deadline of submission – coming Sunday.
LAB 3: Project Tracking
Project information (same as previous week)
Suppose that you are the project manager from the system development team in a game development company. Now, you are responsible to manage a game development project. Table below contains the project information. For the purpose of this case assume the following:
The project begins on Nov 3, 2014.
The project …show more content…
Right-click the Select All button (the square above the task no. of task no. 1), and then click Tracking to see more tracking-related information as you enter actual data. Note the changes to the Gantt chart.
41433751593850034290014097000
Set the status date. Click the Project tab, and then click the Status Date button under the Status Group. Type 2/17/15, and then click OK. It is important to set the status date to make the tracking features work properly.
4257675-190500
View the variance and earned value data
View the Variance table. Right-click the Select All button (the square above the task no. of task no. 1), and the select Variance to display the Variance table.
Display the Earned Value table. Right-click the Select All button, and then click More Tables. A dialog box will pop up.
Select Earned Value from the list, then click the Apply button. The table is then shown:
Notes: All the fields on this sheet are calculated, except EAC and BAC. You can type values in those fields to change information in the table.
New Term Old Term …show more content…
Earned Value (EV) Budgeted Cost for Work Performed (BCWP) How much work has been done?
Actual Cost (AC) Actual Cost of Work Performed (ACWP) How much has been spent?
Budget At Completion (BAC) What was the entire project supposed to cost?
Estimate At Completion (EAC) What is the project expected to cost now?
Question: For Task 2, why is there a CV of ($3,600)?
In Task 2,
Cause the BCWS is 28800 and the ACWP is 32400
Amount paid to Kathy’s works = 360x 50
Amount paid to John’s works = 360x 40
Total wage paid = 360 x $(50+40) = $32400
In order to calculate the CV, we need to subtract ACWP by BCWS
So CV= 32400-28800= $3600
Question: For Task 3, why is there a SV of ($2,560)?
SV equals to EV minus PV.
For Task 3,
EV is 60% of the BCWP($6400), so it’s $3840
PV is $6400 as stated in the charter.
So SV = $3840 - $6400, -$2560
**** The END