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Project Control Question

AB, AC, and AD activities are 100%, 60%, and 87.5% complete respectively. BC and BE activities are 50% complete. The project manager was asked to prepare an updated status report showing the true status of the project and expected profit at completion.

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112 views2 pages

Project Control Question

AB, AC, and AD activities are 100%, 60%, and 87.5% complete respectively. BC and BE activities are 50% complete. The project manager was asked to prepare an updated status report showing the true status of the project and expected profit at completion.

Uploaded by

ann94b
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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Question) On June 12, 2002, Delta Corporation was awarded a $160,000 contract for testing a

product. The contract consisted of $143,000 for labor and materials, and the remaining $17,000 was
profit. The contract had a scheduled start date of July 3. The network logic, as defined by the project
manager and approved by the customer, consisted of the following:
Activity Time (Weeks)
AB 7
AC 10
AD 8
BC 4
BE 2
CF 3
DF 5
EF 2
FG 1
On August 27, 2002, the executive steering committee received the following report indicating the status of
the project at the end of the eighth week:
Activity % Complete Actual Cost Time Remaining
(Weeks)
AB 100 $23,500 0
AC 60 19,200 4
AD 87.5 37,500 1
BC 50 8,000 2
BE 50 5,500 1

The steering committee could not identify the real status of the project from this brief report. Even after
comparing this brief status report with the project planning budget (see Table 1), the real status was not
readily apparent. Management instructed the project manager to prepare a better status report that depicted
the true status of the project, as well as the amount of profit that could be expected at project completion.
Your assignment is to prepare a table such as Table 2.

Table 1: Project Planning Budget


Week
Activity 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
AB 2000 2000 3000 3000 4000 4000 3000
AC 3000 3000 3000 4000 4000 4000 4000 2000 2000 1000
AD 5000 5000 6000 4000 4000 4000 3000 1000
BC 3000 4000 4000 5000
BE 6000 6000
CF 2000 3000 3000
DF 3000 3000 3000 4000 4000
EF 2000 2000
FG 3000

Table 2: Project Costs


1 2 3 4 5 6 7
1
Activity Percent Budgeted Cost for Budgeted Cost for Actual Cost for Cost Variance Schedule Variance
Complete Work Scheduled Work Performed Work Performed

Total

Total Cost Variance = …………………………….

Total Schedule Variance = ……………………………..

Time to Complete = …………………………......

Cost at Completion = ……………………………

Cost to Complete =………………………………

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