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Cp-2 Project Performance Report Schedule One Performance Essay

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

The cost variance was also nearly a hundred and fifty thousand dollars in the negative also representing the fact that the project was over budget. At this point in the project it was estimated that the total project budget would be slightly under five million dollars and would have a variance at completion of negative five hundred seventy eight thousand dollars.
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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