Group Project, Part IV (Module
8)
Situation:It is now July 31 and
Activities 1.1 through 5.1 are 100% complete as shown on theWBS EV Jul
31 worksheet. Your actual cost equals the budgeted cost except for the
additional costs to get back on schedule. You need to calculate the actual cost
for WBS 3.4 and 3.7 $____________ actual cost to WBS item 7.3-baseboards,
casings, and other details that you changed in Module 4.
Assignment:Update your project
schedule with the start/duration changes generated inModule 2 to
recover from the storm. Complete the activity “Pool-if ordered” as WBS item
8.3. The pool costs $30,000 and takes 28 days to build. It must be completed in
order to start landscaping. Include a screen shot of your revised schedule.
Trim the excess and use an appropriate time scale to show the activity
durations. Finally, you received the attached letter from Ralph Acme requesting
an additional $350. What would you do to resolve this issue?
Update all your earned
value calculations, including the revised percent completes through activity
4.8 and the $________ actual cost in WBS item 7.3. Compare the different
methods to calculate EAC and TCPI. Explain why the values differ. Which would
you give the most credence in forecasting this project?
Also, explain how you need
to control costs on this project. Demonstrate your knowledge of the core value
of Responsible Stewardship by minimizing the cost.
Please make sure that you
cite and reference all your outside sources properly. You must have a minimum of
three references, including one peer-reviewed journal article.
Even though you complete
this assignment as a group, all students must submit their own paper to their
own individual Dropbox. (This Dropbox basket is linked to Turnitin.)
