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MPM751 Assignment

This document outlines a group assignment for a Project Monitoring and Evaluation course. It provides instructions for a group assignment worth 30% of the course grade. Students are to answer questions in groups of 4-5 people. The questions are extracted from items related to Earned Value Analysis and ask students to calculate schedule and cost performance indexes, estimates at completion, variances, and more given various scenarios about project timelines, budgets, costs, and percent completes. Students are expected to show their work and use proper formatting, citations and references in their 10-15 page assignment.

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94 views4 pages

MPM751 Assignment

This document outlines a group assignment for a Project Monitoring and Evaluation course. It provides instructions for a group assignment worth 30% of the course grade. Students are to answer questions in groups of 4-5 people. The questions are extracted from items related to Earned Value Analysis and ask students to calculate schedule and cost performance indexes, estimates at completion, variances, and more given various scenarios about project timelines, budgets, costs, and percent completes. Students are expected to show their work and use proper formatting, citations and references in their 10-15 page assignment.

Uploaded by

kok tem
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Harambee University

Faculty of Business and Economics


Post Graduate Program
Department of PM
Course Name: Project Monitoring and Evaluation
(MPM 751)
Group Assignment (30%)
Course Manager: Ejarra B. (PhD)

General Direction
1) Be in a group of 4-5 students.
2) Assignment References: Lecture notes and presentations of chapter 1, 2, 3, 4 & 5 Project
Monitoring and Evaluation, EVA & EVM in addition to attached materials and other
relevant sources
3) Page size, writing format & Style: 10-15 pages, 12 font size, font style: Times New Roman,
1.5 spacing
4) Assignment submission format: Assignment must be submitted in both hard copy and soft
copy. The soft copy should be emailed to nanatibatu@gmail.com.
5) The assignment questions are extracted from EVA items indicated below. The justifications
and answers for each question should consist of complete computations and discussions
6) You are expected to use standard referencing styles (both in-text citations and bibliography).
7) Assignment due date: 31 Dec., 2022

Answer the following questions

Q1. Given a project with the following characteristics, answer the following questions:
• You are the project manager of a project to build coops.
• You are to build two coops a month for 12 months.
• Each coop is planned to cost $100.
• Your project is scheduled to last for 12 months.
• It is the beginning of month 10 (when you monitor and measure the project progress)
• Till now you have built 20 coops and your current CPI is .9091.

1. How is the project performing?

2. What is the actual cost of the project right now?

1
3. Assuming that the COST VARIANCE experienced so far in the project will continue, how
much more money will it take to complete the project?

4. If the variance experienced so far were to stop, what is the project’s estimate at completion?

5. What is the project’s TCPI using the project’s Budget At Completion?

6. Senior management wants to the percentage of the project that is complete. What should you
report?

7. Imagine if instead of 10 months and costing $2200, the project was in month three and costing
$4000. What formula might you use for BAC?

Q2. You are managing a project which is into six months of its execution. You are now
reviewing the project status and you have ascertained that the project is behind schedule. The
actual cost of Activity A is 2,00,000 ETB and that of Activity B is 1,00,000 ETB. The planned
value of these activities are 1,80,000 ETB and 80,000 ETB respectively. The Activity A is 100%
complete. However, Activity B is only 75% complete.

So, based on the above mentioned project Progress, calculate the schedule performance index
and cost performance index of the project on the review date.

Q3. When you collect the earned value data for your project, you get the following data: PV =
$1,500,000, EV = $ 1,200,000, AC = $1,000,000. You expect the factors for cost variance to
continue in the same way in the future. The value of the remaining work is $1,000,000. What
should be the new EAC for the project?
A. $2,400,000
B. $2,233,333
C. $2,000,000
2
D. $1,833,333

Q4. Compute Estimate At Completion (EAC) and Variance At Completion (VAC) if both SPI
and CPI influence the project work when given variables are:
• Budget At Completion (BAC) = $22,000
• Earned Value (EV) = $13,000
• Planned Value (PV) = $14,000
• Actual Cost (AC) = $15,000
EAC (if the both SPI and CPI influence the project work) = AC + [(BAC – EV) / (CPI x SPI)]

1. What is the value of Schedule Performance Index (SPI) and what does that imply?
2. What is the value of Cost Performance Index (CPI) and what does that imply?
3. What is the value of EAC?
4. What is the value of VAC?

3
Q5. For the following project calculate SV, CV, SPI and CPI at the end of second month.

Month 1 2 3 4
Planned Value ETB 11,10,000 ETB 6,00,000 ETB ₹ 25,00,000 ETB 8,00,000
Earned Value
ETB 10,00,000 ETB 7,50,000
Actual Cost ETB 12,50,000 ETB 5,00,000

Q6. Define the phrase "Project Monitoring' and its major purposes? (2-3 pages)

Q7. Define the phrase "Project Evaluation' and its major purposes? (2-3 pages)

Q8. Define the phrase "Earned Value Analysis (EVA) and Earned Value Management (EVM)'
and their respective major purposes? (4-6 pages)

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