(Answered) : Answer Question 3: Instructions: You are preparing a status report for your project sponsor and stakeholders and it’s importa

Answer Question 3:

Instructions: You are preparing a status report for your project sponsor and stakeholders and it’s important to share the project progress using the Earned Value technique. You are preparing your status report for the period ending October 28th. Your project started February 27th. Assume that the project is executed 5 days per week and 8 hours per day with some additional hours that amount to 8 hours every Saturday and Sunday. The project manager’s table of activities are noted below.

ID

Activity

Original Duration (days)

Actual Duration

(days)

Actual Start Date

Actual Finish Date

%

Complete

Original

Budget

Actual

Budget

10

Site Prep

8

9

2/27

4/26

100

$500,000

$600,000

20

Substructure

12

11

5/1

7/18

100

$1,500,000

$1,350,000

30

Super Substructure

18

–

7/20

–

75

$2,000,000

$1,450,000

40

Exterior

6

–

–

–

0

$400,000

–

50

Interior

14

–

8/31

–

50

$1,800,000

$1,000,000

60

Services

10

–

–

–

0

$1,000,000

–

70

Cleanup

4

–

–

–

0

$200,000

Question 3 – Calculate the BCWP (Earned Value). This is