Assignment: Earned Value Management Case Study
You are the project manager in charge of a building project. Your project is the construction of a multi-store commercial building which is 15 stories in height. Based on the project plan, the cost of the construction will be $95,000 per floor. The project will take 9 months to complete.
Three months into the project, you have spent $270,000 and completed 3 stories of the building.
You have been requested to report on the performance of your project and determine how much time it will take to complete the project and how much money it will cost to complete the project. Use the approach outlined in the reading (Polaris Lessons in Risk Management, Appendix A, Earned Value Management) to determine your project's performance and report on its Earned Value.
Project: EVM
Complete the above Earned Value Management Case Study, using EV (earned value) equations.
Questions:
1) Is the project on schedule? If not, it is behind or ahead?
2) Will the project be completed within budget? If not, will be over budget or under budget?
3) What recommendations do you have to get the project back on track?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.