MGT 640 Topic 6 Assignment GCU

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:

1. Cumulative EV
2. Schedule Variance (SV)
3. Schedule Performance Index (SPI)
4. Cost Variance (CV)
5. Cost Performance Index (CPI)
6. EAC (bottom-up)
7. VAC (bottom-up)
8. TCPI

Based on your calculations in Question 1 above, respond to the following:

1. What is the status of project accomplishment performance through the current reporting period? Why?
2. What is the status of project cost performance through the current reporting period? Why?
3. Is the project projected to complete over or under-budget? Why?
4. 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).

1. Compute IEAC1= ((BAC- EV)/CPI) + AC
2. Compute IEAC2= ((BAC- EV)/(SPI*CPI)) + AC
3. Interpret IEAC1
4. Interpret IEAC2
5. 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)?

1. EAC becomes Cumulative AC at project completion.
2. Cumulative EV can be greater than BAC at project completion.
3. EAC can be smaller than BAC at project completion.
4. 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.

You are not required to submit this assignment to Turnitin.

 

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MGT 640 Topic 6 Assignment GCU

ACCT 553 DeVry, BIAM 500 DeVry, CIS 500 STR, CIS 558 STR, ENG 105 GCU, FIN 390 DeVry, FIN 504 GCU, HCA 545 GCU, HCA 699 GCU, HLT 306 GCU, HLT 362 GCU, HLT 555 GCU, HLT 610 GCU, HLT 665 GCU, HOSP 594 DeVry, HRM 600 DeVry, MAT 144 GCU, MGMT 600, MGT 599 STR, MGT 655 GCU, MKT 373 GCU, PSY 362 GCU, PSY 565 GCU, PSY 575 GCU, PSY 665 GCU, SOC 102 GCU, SOC 320 GCU, SOC 372 GCU, SOC 412 GCU, NSG 6440 SU, HIM 515 GCU, NSG 4029 SU, HIM 615 GCU, NSG 3029 SU, NSG 4055 SU, NSG 6630 SU, NSG 6005 SU, CRMJ 310, PSY 510 GCU, CRMJ 300 Devry, CRMJ 425, SPD 200 GCU, HLT 490 GCU ,ECH 340 GCU ,           ECH 440 GCU , ECH 355 GCU ,ECH 350 GCU ,LDR 461 GCU ,ECH 425 GCU ,REL 212 STR ,SCI 115 STR ,CIS 505 STR ,JUS 652 GCU, MGT 640 GCU