opim 5894 advanced project management ariba implementation in med-x case suresh nair, ph.d....
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OPIM 5894 ADVANCED PROJECT MANAGEMENTARIBA IMPLEMENTATION IN MED-X CASE
SURESH NAIR, Ph.D.
Professor,
School of Business
University of Connecticut, Storrs, USA
http://users.business.uconn.edu/snair/opim5894.html
ARIBA IMPLEMENTATION IN MED-X case
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Issues Raised Importance of Earned Value in Project
Management
Prof. Suresh Nair, University of Connecticut
ARIBA IMPLEMENTATION IN MED-X case
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Calculating Earned Value - Spreadsheet
Prof. Suresh Nair, University of Connecticut
Terms:
Budgeted cost of work scheduled (BCWS)
Actual cost of work performed (ACSP)Budgeted cost of work performed (BCWP) - Earned Value (what the work done should have cost)
Suppose 4 tasks should have been done by today
Task Budget Done? Actual Cost BCWS ACWP BCWPA 100 Y 120 100 120 100B 100 Y 100 100 100 100C 100 N - 100 - -D 100 Y 90 100 90 100
400 310 300
Cost variance BCWP-ACWP -10Schedule variance: BCWP-BCWS -100
Cost performance index BCWP/ACWP 97%Schedule performance index BCWP/BCWS 75%
Control Ratio CPI*SPI 73%
These calculations assume 0/1 completion of tasks. If that is not possible for large tasks, break them into smaller tasks
ARIBA IMPLEMENTATION IN MED-X case
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Control limits for CR
Prof. Suresh Nair, University of Connecticut
ARIBA IMPLEMENTATION IN MED-X case
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Team Assignments – Team 1, Team 2, Team 3 Which of the two components (software,
technical) are underperforming according to the plan? How do you know this? (Draw graphs, as necessary to make your point)
Are the components of the project within budget? How do you know?
What can you conclude by looking at the combined earned value data for the project?
Why did Terry Baker think that the project was going according to plan the entire time?Prof. Suresh Nair, University of Connecticut
ARIBA IMPLEMENTATION IN MED-X case
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Team Assignments (contd.) – Team 1, Team 2, Team 3 How much longer will the project take? (it is
September now) What should Martin have done earlier in the
project timeline to prevent delays? What should Martin do when managing future
projects to prevent similar problems from developing?
Prof. Suresh Nair, University of Connecticut