Explaining the benefits of using evm


Problem:

A project team member turned in her status report for the newly approved mailing activities. She feels that her pieces are on track with nothing for you to worry about. She reports the following information for the critical path tasks:

Task

Budgeted

Actual

Percent

Estknate

Planned

Planned

Actual

Projected

Planned

Actual

 

work!

work!

work

to

start

end

start

end date

Resource

Resource

 

cost

cost to

date

complete

complete

date

date

date

 

Ufflbration

Ufflbration

A

120 hours!

60 hours

30%

90 hours

!$900

March 15

June 15

March 30

June 15

25%

30%

 

$1200

$600

 

 

 

 

 

 

 

 

B

120 hours

50 hours

30%

60 hours

!$600

April 1

May 15

April 8

May 30

50%

30%

 

$1200

!$500

 

 

 

 

 

 

 

 


You review her status report and determine that she does not have a solid grasp of her status. The project leader was unable to provide you with anything more than, "Things are moving along just fine." Using earned value measurements along with the other information and metrics available, determine the true status of Jennifer's portion of the project.

1) Prepare an updated status report for Jennifer and share the measurements and your rationale in your determination of the status for the project.

2) Assist with creating a slide presentation explaining the benefits of using EVM.

3) Be sure to document some instructions (1-page document) for Jennifer and Ben for determining the project status for their next project update to you.

4) Also, provide materials that would be used to train Jennifer and Ben on the benefits and application of earned value. The materials should include some guidelines for Jennifer and Ben to help them create and then interpret the metrics.

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Finance Basics: Explaining the benefits of using evm
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