Solar Power on the Rise
Autor: Jannisthomas • March 5, 2018 • 4,130 Words (17 Pages) • 555 Views
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- EARNED VALUE TABLE WITH PERCENTAGE OF TASKS COMPLETE
Duration (in weeks)
5 10 15 20 25 30 35 40 45 % Comp.
[pic 72][pic 73]
Design 6 2 100
Engineer 4 8 8 8 100
Install 4 20 6 50
Test 2 6 4 2 0
Total 6 6 8 12 28 8 6 4 2
Cumul. 6 12 20 32 60 68 74 78 80
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- CALCULATING EARNED VALUE
(All numbers are in thousands $)
Planned % Comp. Earned Value
[pic 74][pic 75]
Design 8 100 8
Engineer 28 100 28
Install 30 50 15
Test 14 0 0
Cumul.
Earned 51
Value
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13.9 PROJECT BASELINE, USING EARNED VALUE
Cumulative Cost
($ in thousands)[pic 76]
80[pic 77][pic 78]
[pic 79][pic 80][pic 81]
Project Baseline[pic 82]
60[pic 83][pic 84]
Earned Value[pic 85][pic 86][pic 87]
40[pic 88][pic 89]
[pic 90][pic 91][pic 92]
20[pic 93][pic 94]
[pic 95][pic 96][pic 97]
[pic 98][pic 99][pic 100]
[pic 101][pic 102][pic 103][pic 104][pic 105][pic 106][pic 107][pic 108][pic 109][pic 110][pic 111]
5 10 15 20 25 30 35 40 45
Elapsed Time (in weeks)
- EARNED VALUE MILESTONES
[pic 112]
AC[pic 113][pic 114]
Actual[pic 115][pic 116][pic 117]
Overspend
Cost[pic 118]
PV EV[pic 119]
Budget[pic 120][pic 121][pic 122][pic 123]
Slip[pic 124][pic 125]
[pic 126]
Schedule Performed
Schedule[pic 127][pic 128]
- EARNED VALUE TABLE
Activity Jan Feb Mar Apr May Jun Jul Plan % C Value
Staffing 8 7 15 100 15
Blueprinting 4 6 10 80 8
Prototype
Devel 2 8 10 60 6
Full Design 3 8 10 21 33 7
Construction 2 30 32 25 8
Transfer 10 10 0 0
Punch List 15 5 20 0 0
Σ = 118 44
Monthly Plan 8 7 6 17 10 55 15
Cumulative 8 15 21 38 48 103 118
Monthly Actual 8 11 8 11 10 30 0
Cumulative
Actual 8 19 27 38 48 78
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13.12 SCHEDULE VARIANCES FOR EVM
Schedule Variances
Planned Value (PV) 103
Earned Value (EV) 44
Schedule Performance Index EV/PV = 44/103 = .43
Estimated Time to Completion (1/.43 x 7) = 16.3 months
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13.13 COST VARIANCES FOR EVM
Cost Variances
Actual Cost of Work (AC) 78
Earned Value (EV) 44
Cost Performance Index EV/AC = 44/78 = .56
Estimated Cost to Completion (1/.56 x $118,000) = $210,714
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13.14 CRITICAL SUCCESS FACTORS IN PROJECT IMPLEMENTATION
- PROJECT MISSION
- TOP MANAGEMENT SUPPORT
- PLANS AND SCHEDULES
- CLIENT CONSULTATION
- PERSONNEL
- TECHNICAL TASKS
- CLIENT ACCEPTANCE
- MONITORING AND FEEDBACK
- COMMUNICATION
- TROUBLE-SHOOTING
DISCUSSION QUESTIONS
- Why is the generic four-stage control cycle useful for understanding how to monitor and control projects?
One of the more
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