Chapter 7ACSG-505-01

Group: Anju,

Ashok, Justin,

Joe,Christina

Their example:

  #Units/Hrs. Cost/Unit/Hr. SubtotalsWBS Level 1

Totals

WBS Items        

1 Project management       $32,906

1.1 Project manager 120 $100 $12,000  

1.2 Project team members 348.43 $60 $20,906  

2 Requirements definition       $8,000

3 Web Site Design       $19,245

3.1 Registration for recreational programs 13 $325 $4,225  

3.2 Registration for classes and programs 15 $325 $4,875  

3.3 Tracking system 25 $265 $6,625  

3.4 Incentive system 32 $110 $3,520  

4 Web Site Development       $13,844.25

4.1 Registration for recreational programs 15 $325 $4,875  

4.2 Registration for classes and programs 16.65 $225 $3,746.25  

4.3 Tracking system 16 $189 $3,024  

4.4 Incentive system 20 $110 $2,200  

5 Testing     $24,000 $24,000

6 Training, Roll Out, and Support     $102,000 $102,000

Total Project cost estimate       $191,997.25

Their example:

WBS Items 1 2 3 4 5 6 Totals

1. Project Management              

1.1 Project manager 2000 2000 2000 2000 2000 2000 12000

1.2 Project team members 3480 3480 3480 3480 3480 3505.8 20905.8

2. Requirements definition 4000 4000         8000

3. Web Site Design              

3.1 Registration for recreational programs 2275 1950         4225

3.2 Registration for classes and programs 2275 2600         4875

3.3 Tracking system   3180 3445       6625

3.4 Incentive system   1760 1760       3520

4. Web Site Development              

4.1 Registration for recreational programs     2275 2600     4875

4.2 Registration for classes and programs     1800 1946.25     3746.25

4.3 Tracking system       1512 1512   3024

4.4 Incentive system       1100 1100   2200

5. Testing     6000 6000 6000 6000 24000

6. Training, Roll Out, and Support       34000 34000 34000 102000

Totals 14030 18970 20760 52638.25 48092 45505.8 199996.1

Our example: Budget At Completion (BAC) $200,000 Original time estimate : 6 months

Planned Value (PV) $120,000

Earned Value (EV) $100,000

Actual Cost (AC) $90,000

Cost Variance(CV) EV-AC $10,000 It’s under budget.

Schedule Variance(SV) EV-PV ($20,000) It’s behind the schedule.

Cost Performance Index (CPI) EV/AC 111.11%

Schedule Performance Index (SPI)

EV/PV 83.33%

Estimate at completion (EAC) BAC/CPI $180,180.18 Performing better than planned.

Estimated time for completion Org. time est./ SPI 7.2 Projected to complete at a longer time.

Cont..

2 4 6 80

50000

100000

150000

200000

250000

BAC

EAC

Planned Value

Earned Value

Actual Cost

AC

PV

EV

Thank you!