Gm593 Unit 6 Final Project

GM593 Unit 6 Final Project

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GM593 Unit 6 Final Project

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:...