CP-2 Project Performance Report
Schedule One
Performance Analysis
Estimate at Completion
Control Plan
Revised Estimate at Completion
Schedule Two
During roughly midway into the CP-2 project, it was found that the project was running ten days behind schedule and it was already over budget. This is due to the fact that several tasks went over budget as well as a sluggish schedule performance. At this point the project manager fully utilized the resources at hand to bring the schedule back into order. Despite meeting the schedule requirements, the project did go over budget by a marginal amount. This was a result of using extra labor to crash some of the activities.
Schedule One
The original project schedule predicted that the project would be completed on December 19 of 2008. However, on October 1, 2008 the project manager found that he was ten days behind schedule as well as over budget. The actual schedule at this point predicted that the project would be completed on January 2nd of the following year instead of the intended date.
Task Mode
WBS
Task Name
Duration
Start
Finish
Predecessors
Resource Names
Fixed Cost
Manually Scheduled
1.25
Grand Opening
1 day
Fri 12/19/08
Fri 12/19/08
Customer
$30,000.00
Figure 3 - Original Schedule
Task Mode
WBS
Task Name
Duration
Start
Finish
Predecessors
Task Name
Planned Value - PV (BCWS)
Earned Value - EV (BCWP)
AC (ACWP)
SV
CV
EAC
BAC
VAC
Theme Park Project
$1,511,466.67
$1,111,961.33
$1,257,738.00
($399,505.33)
($145,776.67)
$4,990,316.90
$4,411,920.00
($578,396.90)
Estimate at Completion
The estimate at completion (EAC) of the project on 10/01/08 was $4,999,031. This is based on the schedule that was predicting project completion of January 2nd of 2009. Thus this figure did not account for any of the crash costs that would be necessary to accelerate the schedule…
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