Project Status Report for Earned Value Management Assignment Brief

Project Status Report for Earned Value Management Assignment Brief

Project Status Report for Earned Value Management Assignment Brief

Introduction

The Project Status Report is a tool used throughout the life of a project to supply information on how the project is proceeding. The report is a vital communication tool aimed at the sponsor/steering committee.  The report is based on the Monthly Project Reportthat Kerzner (2013) displays in figure 15-24 page 786. Please complete the report for your chosen project.

1.  Project Information

Project Name: A brief name to describe the project

Date:Date of current Project Status Report

Project Ownership: Area responsible for the project

Prepared by: Name and project position

Distribution List: List of those receiving the report

2.   Gantt chart

WBS #

Task & Subtask

 

1

2

3

4

5

6

 

7

8

9

10

1

Planning

————

 

 

 

 

 

 

 

 

 

1.1

Cargo planning

 

 

 

 

 

 

 

 

 

 

1.2

Report planning

 

 

 

 

 

 

 

 

 

 

1.3

Schedule planning

 

 

 

 

 

 

 

 

 

 

2

Scec Endorsement

 

 

————

 

 

 

 

 

 

 

3

Pick Up

 

 

————————

 

 

 

 

 

 

4

Loading

 

 

 

————————————

 

 

 

4.1

Packing of cargo

 

 

 

—————

 

 

 

 

 

 

4.2

Loading in the vehicle

 

 

 

 

 

——————

 

 

 

5

Insurance

 

 

 

 

 

 

 

—————

 

 

6

Tracking

 

 

 

 

 

 

 

 

——

 

 

7

Delivery

 

 

 

 

 

 

 

 

 

 

8

Reporting

 

 

 

 

 

 

 

 

 

 

3.   Variance Analysis (cost in thousands)

Variance Analysis

The table shows the variance between the planned value (PV), earned value (EV), and actual cost (AC).

Task & Subtask

Milestone Status

PV

EV

AC

Variance %

Schedule

Cost

Planning

Completed

100

100

100

0

0

Cargo planning

Completed

25

25

25

0

0

Report planning

Completed

50

50

50

0

0

Schedule planning

Completed

25

25

25

0

0

Scec Endorsement

Completed

50

50

55

0

-5

Pick Up

Completed

50

50

40

0

10

Loading

In progress

70

40

110

-30

-70

Packing of cargo

Completed

30

30

50

0

-20

Loading in the vehicle

In progress

40

10

60

-30

-50

Insurance

Not started

90

0

0

-90

0

Tracking

Not started

40

0

0

-40

0

Delivery

Not started

50

0

0

-50

0

Reporting

Not started

5

0

0

-5

0

Task Totals

 

455

240

305

 

 

4.   Estimate at Completion (EAC)

EAC

The estimate at completion (EAC) is the expected total cost of the completing all work expressed as the sum of the actual costs to date and the estimate to complete (see PMBOK 2013 p224 Table 7-1).

EAC =

5.   Cost Summary

Cost summary

Summarise the impact of the costs on the project and whether there is a need to redefine the risks (see PMBOK chapter 11).

6.   S Curve

S Curves

Please add S Curves for PV, EV & AC for the project.

7.   Forecast Completion Date

Forecast Completion Date

A Forecast Completion Date is derived from the Schedule Performance Index (SPI) and forecasts the end date of the project (see AS 4817-2006 pp.13-15 section 2.3.2).  State whether rebaselining is required and the impact.

Completion Date =

8.   Milestone Report

Milestone

Milestones are an event on a schedule which marks the completion of a key activity (Managing PRINCE2 (2009) p. 70-71).

Milestone Task

Scheduled Completion

Projected Completion

Actual Completion

Issue

C

 

 

 

 

D

 

 

 

 

F

 

 

 

 

H

 

 

 

 

9.   Event Report

Event Report

Major events that the stakeholders should be made aware of are reported here (see risk management procedures 8.3.5 in Managing PRINCE2 (2009).

Current Problem

Potential Impact

Corrective Action