You$run$a$small$software$company$that$has$been$contracted$to$provide$a$product.$$Given$all$the$ information$below,$perform$an$earned$value$analysis$at$the$end$of$week$8. Calculate$the$following$values$for$week$8 Earned$Value Planned$Value Actual$Cost Cost$Variance Schedule$Variance Cost$Performance$Index Schedule$Performance$Index Estimate$at$Completion Estimated$Time$to$Complete Generate$a$graph$that$shows$the$Actual$Cost,$Earned$Value,$and$Planned$Value$for$weeks$1G8.$ Will$this$project$be$completed$on$time? Will$this$project$be$completed$within$the$budget? Project&Estimates Week&1: The$project$gets$started$on$time,$Joe$puts$in$4$hours$of$work$to$complete$the$initiation$phase Week&2: Mary$starts$the$project$specifications$but$is$held$up$by$another$project$halfway$through. Week&3: Mary$completes$the$second$half$of$the$project$specifications$in$6$hours. Chris$purchases$the$developer$machines$for$$4800$and$the$development$server$for$$6000,$it$takes$him$2$ hours$to$research$and$purchase$them. Week&4: Pete$and$Joe$complete$the$Design$Output,$doing$50%$of$the$work$each$in$a$total$of$8$hours. Week&5: Chris$spends$two$hours$trying$to$find$a$good$production$server. Joe$is$out$sick.$Pete$puts$10$hours$into$the$test$planning. Week&6: Joe$finishes$up$the$test$planning$in$8$hours. Mary$starts$on$the$code$and$puts$in$20$hours. Week&7: Mary$is$out$sick,$nothing$happens. Week&8: Chris$finally$find$a$deal$on$a$production$server$for$$10,000 Mary$is$75%$done$with$the$code$after$putting$in$another$6$hours. Joe$completes$15%$of$the$unit$testing$in$4$hours$time.
Extra&Credit&Assignment&1:&Earned&Value&Management You$run$a$small$software$company$that$has$been$contracted$to$provide$a$product.$$Given$all$the$ information$below,$perform$an$earned$value$analysis$at$the$end$of$week$8. Calculate$the$following$values$for$week$8 Earned$Value Planned$Value Actual$Cost Cost$Variance Schedule$Variance Cost$Performance$Index Schedule$Performance$Index Estimate$at$Completion Estimated$Time$to$Complete Generate$a$graph$that$shows$the$Actual$Cost,$Earned$Value,$and$Planned$Value$for$weeks$1G8.$ Will$this$project$be$completed$on$time? Will$this$project$be$completed$within$the$budget? Project&Estimates Week&1: The$project$gets$started$on$time,$Joe$puts$in$4$hours$of$work$to$complete$the$initiation$phase Week&2: Mary$starts$the$project$specifications$but$is$held$up$by$another$project$halfway$through. Week&3: Mary$completes$the$second$half$of$the$project$specifications$in$6$hours. Chris$purchases$the$developer$machines$for$$4800$and$the$development$server$for$$6000,$it$takes$him$2$ hours$to$research$and$purchase$them. Week&4: Pete$and$Joe$complete$the$Design$Output,$doing$50%$of$the$work$each$in$a$total$of$8$hours. Week&5: Chris$spends$two$hours$trying$to$find$a$good$production$server. Joe$is$out$sick.$Pete$puts$10$hours$into$the$test$planning. Week&6: Joe$finishes$up$the$test$planning$in$8$hours. Mary$starts$on$the$code$and$puts$in$20$hours. Week&7: Mary$is$out$sick,$nothing$happens. Week&8: Chris$finally$find$a$deal$on$a$production$server$for$$10,000 Mary$is$75%$done$with$the$code$after$putting$in$another$6$hours. Joe$completes$15%$of$the$unit$testing$in$4$hours$time. Item Budgeted& Cost Development$Computers $5,000$ Development$Server $8,000$ Production$Server $12,000$ Customer$Training$Catering $3,000$ Unit$Testing$Software$Package $500$ Name Hourly& Pay Joe $27.50$ Mary $34.00$ Chris $44.28$ Pete $15.65$ Task&Name Hours Week Person&Responsible Project$Initiation 3 1 Joe Get$Specifications 8 2 Mary Purchase$Hardware 2 3 Chris Design$Output 10 5 Pete$&$Joe Plan$Tests 14 6 Joe Write$Code 40 6,7,8 Mary Unit$Test 7 8 Joe Integrate 4 8,9 Mary Beta$Test 12 10 Pete Installation 2 11 Mary Customer$Training 15 12 Joe