GM593
Unit 6 Final Project
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Unit 6 Final Project
Now that you have a solid understanding of how Earned Value Management is conducted and how to
use the EVM Tool, understand that many organizations do not use such tools but rely on the basic
principles you have learned in this course. As such, you now have the opportunity to display your
understanding of EVM principles using just the basic formulae. You may use any tools we have
utilized in this course (Excel, MPP, EVM tool) or you may calculate the assignment longhand. If you
choose to calculate longhand, all calculations must be shown or you will be deducted points.
Project Background:
Note: The following problem is taken from a standardized, globally-used EVM assessment and
reflects the basics of EVM.
To maintain their competitive position in the robotics market, the RAMBOTICS Corporation needs to
develop a new generation robot.
They have initiated a project to achieve this goal. The project will commence in six months.
The project is comprised of the tasks in Table 1: Original Task List and Budgeted Effort.
Predecessors, task duration, and the number of personnel required to achieve the task in that
duration are also provided.
Part 1: Requirements
Construct a Gantt Bar Chart for the project and determine Budget At Completion (BAC) for the
project. Assume that RAMBOTICS Corporation has access to unlimited resources; that personnel
cost are blended costs at $10,000 per month per person, and that there are no project costs other
than personnel costs. A task cannot commence until all its predecessors have been completed.
Table 1: Original Task List and Budgeted Effort
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Unit 6 [GM593: Project Cost and Schedule Monitoring and Controlling]
Part 2: Earned Value Calculations
After eight months, project progress is determined as detailed in Table 2. Predecessors remain the
same.
Table 2: Progress at the End of Month Eight
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Unit 6 [GM593: Project Cost and Schedule Monitoring and Controlling]
Part 2: Earned Value Calculations
Using the information in Table 2: Progress at the End of Month Eight and the original details, update
your Gantt Chart showing the remaining work, and estimate the PV (BCWS), AC (ACWP), and EV
(BCWP) for each task at the end of month eight.
For the project:
What is the Cost Variance (CV)?
What is the Schedule Variance (SV)?
What is the Cost Performance Index (CPI)?
What is the Schedule Performance Index (SPI)?
What is the Estimate at Completion (EAC)?
Grading: Final Project
You will need to respond to these questions as part of the Unit 6 tracking progress Assignment.
6.1 Gantt Chart
6.1.1 Correctly depicts task level Gantt?
6.1.2 Correctly depicts task precedence relationships?
6.1.3 Correctly depicts task durations?
6.1.4 Correctly depicts resource levels?
6.2 Gantt Chart Updated (8 month progress tracking)
6.2.1 Correctly depicts Effort to Date?
6.2.2 Correctly depicts Outstanding Duration?
6.2.3 Correctly depicts Staffing Changes?
Page 3 of 5
Unit 6 [GM593: Project Cost and Schedule Monitoring and Controlling]
6.3 EVM Performance Measures (8 month progress)
6.3.1 Cost Variance (CV) correctly calculated?
6.3.2 Schedule Variance (SV) correctly calculated?
6.3.3 Cost Performance Index (CPI) correctly calculated?
6.3.4 Schedule Performance Index (SPI) correctly calculated?
Final Project Submission
You will need multiple evenings for data collection and integration coordination and about five hours
to build the tools and management plans.
For your project tools, use the examples and tools available in Doc Sharing, your text and the
PMBOK that meet all the criteria of the grading rubric and complete the requirement, using your
assigned project scenario found in the Doc Sharing.
Ensure that your documents address the criteria of the rubric and follow the stated requirements.
Make sure that you save a copy of each of the tools that you submit.
To submit your Unit 6 Final Project go to the Dropbox, click on Unit 6: Assignment and follow the
instructions.
Grading Rubric:
GM593 Unit 6 Assignment
Points
Possible
Content
Correctly depicts task level Gantt.
10
Correctly depicts task precedence relationships.
10
Correctly depicts task durations.
10
Correctly depicts resource levels.
10
Correctly depicts effort to date.
15
Correctly depicts outstanding duration.
10
Page 4 of 5
Unit 6 [GM593: Project Cost and Schedule Monitoring and Controlling]
Correctly depicts staffing changes.
10
Correctly calculates the Cost Variance (CV).
10
Correctly calculates the Schedule Variance (SV).
10
Correctly calculates the Cost Performance Index (CPI).
10
Correctly calculates the Schedule Performance Index (SPI).
10
Correctly calculates the Estimate at Completion (EAC).
10
Analysis
Response exhibits strong higher-order critical thinking and
analysis (e.g., evaluation). Paper shows original thought.
25
Analysis includes proper classifications, explanations,
comparisons, and inferences.
25
Critical thinking includes appropriate judgments, conclusions,
and assessment based on evaluation and synthesis of
information.
25
Total
200
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