Time and Cost Practices in Performance Reporting Time & Cost Practices: Performance Reporting

Time and Cost Practices in Performance Reporting Overview and Rationale

After completing the Lesson 6 MsProject Assignment, complete the following report. You will use the Earned Value data you created as part of the MsProject assignment to write this report. A template is attached for your use.

Program and Course Outcomes

This assignment is directly linked to the following key learning outcomes from the course syllabus:

Evaluate a variety of techniques to manage changes to the project schedule and cost performance baselines and updating project progress through performance reporting.

In addition to these key learning outcomes, you will also have the opportunity to evidence the following skills through completing this assignment:

Critical thinking and analysis

Quantitative Analysis

Problem-solving

Essential Components & Instructions

This assignment will require you to create a document with the following sections:

Time and Cost Practices in Performance Reporting Executive Summary

(Summarize the finding of your report briefly (1 or 2 paragraphs); this should include the major finding of your report, as well as, your recommendations. It should be concise and direct.)

Current Status of Project:

(In this section, you want to provide details regarding the current status. Tell whether or not the project is on or behind schedule, over or under budget. If there are variances, tell why they exist. What has gone wrong? What is going right? Provide the EVM data here, including CV, CPI, SV, & SPI. Explain what these values mean. Provide a brief analysis of what has happened in the project so that the reader understands why the variances exist, specifically.)

Forecast Future Performance:

(Based on the analysis, where is this project heading? Provide a forecast of future performance using EVM. What is the EAC and ETC for this project? Be sure to explain what these numbers mean in understandable terms.)

Time and Cost Practices in Performance Reporting Recommendations

(Because this is a sample project file, you have limited information, but based on your analysis, tell us what areas of the project are of concern. Is cost or time a concern in these areas? Does the scope need be considered? What are some possible solutions for cost and schedule related problems that might be applicable?)

Supporting Data:

(If relevant to your calculations and analysis, provide supporting data in the final section of the report as an appendix.)

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