Project Schedule and Budgeting

• 1,000 –1,200 words of new content

• Complete the following new sections:

  • Earned Value Management System

    • Discuss how an earned value analysis will be utilized for this project or Key Assignment, including the formulas to compute earned value analysis (EVA).

    • Cover the following 4 scenarios and what you should do:

      • Behind schedule and over budget: Include a sample calculation that would trigger this interpretation, along with a graph.

      • Ahead of schedule and on budget: Include a sample calculation that would trigger this interpretation, along with a sample graph.

      • Behind schedule and on budget: Include a sample calculation that would trigger this interpretation, along with a sample graph.

      • Ahead of schedule and under budget: Include a sample calculation that would trigger this interpretation, along with a sample graph.

• Discuss for each of the above situations how you compute the final cost and end date if nothing changes with its present state.

• Overall Cost and Schedule Performance

  • Discuss how you will monitor progress.

  • Discuss what metrics, reports, and graphs you will use to monitor progress.

  • Discuss how they would determine the cause of the variation.

  • Discuss how you will respond to deviations; (specifically around schedule compression and a contingency budget).