Question

At the bottom of each data set, provide a brief narrative description of the progress of the project and its current status. There is no need to address every data point. I would prefer that you look for trends and identify sections of the project as given in the data. For example, you might say, "In the first half of this project, everything appears to be on track, but in the last third the schedule starts to slip."Assume the data is for a current project. Indicate what you would investigate (if anything) in order to identify the source of a problem.

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Data Set 1 Week EV PV AC SPI CPI 20 25 45 52 57 70 80 95 105 130 150 175 200 225 255 300 350 440 525 0.83 0.75 0.80 1.00 1.06 1.14 1.14 1.13 1.05 0.97 0.92 0.93 0.97 0.98 0.98 0.96 0.93 0.93 0.86 0.84 0.83 0.75 0.80 1.00 1.10 1.18 1.33 1.34 1.00 0.86 0.92 0.97 1.10 0.87 0.88 0.92 0.86 0.86 0.83 0.80 20 25 45 50 20 45 65 80 90 100 102 120 140 170 195 220 245 280 325 380 440 60 67 100 118 130 145 155 225 250 265 325 380 460 550 13 17 20 Put your narrative here: Project Control 1 EV PV AC 8 300 200 100 8 01 12 11415 8 7 1920 Weeks Data Set 2 Week EV PV AC SPI CPI 1.00 1.00 0.95 1.00 1.06 1.14 1.14 1.13 1.05 0.97 0.92 0.93 0.97 0.98 0.98 0.96 0.93 0.93 0.99 0.99 0.83 0.75 0.80 0.82 0.81 0.89 0.89 0.95 1.00 0.86 0.89 0.88 0.89 0.83 0.86 0.89 0.86 0.86 0.83 0.80 20 25 20 45 65 80 90 100 102 120 140 170 195 220 245 280 325 380 440 21 45 52 57 70 80 95 105 130 150 175 200 225 255 300 350 385 445 68 73 90 95 100 118 135 160 190 235 255 275 325 380 460 550 13 17 20 Put your narrative here: Project Control 2 800 400 300 PV 200 100 18

Answer 1

Data set 1

Narrative: In the first 13 weeks of the project, AC is lower than EV, which indicates that the project was under budget. However, from 14th week onwards, cost overrun startsand from there onwards, the project is consistently over the budget.

Upto week 9, EV is greater than PV, which means the project is ahead of schedule, however, from week 10 onwards, the PV crosses over and is consistently higher than EV, indicating the project is behind schedule.

There seems to be some problem that disrupted the projected cost around week 13 and the project schedule around 10. This needs to be investigated.

Data set 2

Narrative: AC is constistently higher than EV, indicating that the project was over budget right from the beginning. This indicates that the project budgeting was wrong. The cost overrun is pretty steep towards the end of the project, where the gap between the Actual cost and Earned Value becomes very high.

On the scheduling front, however, the project progress is rather satisfactory. Project is ahead of schedule upto 9, after which it slips slightly, but then catches up towards the end, to finish on schedule.

So, we can conclude that the project budgeting was wrong, which led to cost overruns. However, the progress of the project as per schedule was largely on track.