Chapter 7 ACSG-505-01
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Transcript of Chapter 7 ACSG-505-01
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!