Individual Assignment 5: Instructor-Marked

You are the project manager for a development project titled “Empowering Youth Through Digital Literacy.” The project aims to provide digital literacy training to disadvantaged youth in rural communities to enhance their employability and socio-economic opportunities. The project has a duration of 18 months and a budget of $150,000.

Project Overview:

• Planned duration: 18 months
• Budget: $150,000
• Planned monthly expenditure: $8,333.33 (150,000 / 18)

Questions:

At the end of month 10, the project has completed 70% of the planned activities. The actual cost incurred is $110,000. Calculate the project’s Earned Value (EV), Actual Cost (AC), and Planned Value (PV) at the end of month 10.

Q1: Based on these values:

• determine the Cost Performance Index (CPI) and Schedule Performance Index (SPI), and

• interpret the project’s performance based on these indices [CPI & SPI].

Q2: Based on the current project performance:

• estimate the Estimate at Completion (EAC) using the Cost Performance Index (CPI), and

• interpret the projected outcome of the project in terms of budget management.

Q3: Assuming the current SPI continues:

• estimate the Estimate at Completion (EAC) using the Schedule Performance Index (SPI), and

• interpret the projected outcome of the project in terms of schedule management.

Q4: Calculate the:

• To-Complete Performance Index (TCPI) using the projected Estimate at Completion (EAC) calculated in question 2, and

• interpret the result in terms of required performance to meet the budget.

Q5: Calculate the:

• percentage Complete of the project based on Earned Value (EV) and Budget at Completion (BAC), and

• interpret the result to the (senior management team) in terms of project progress.

NB: If you experience challenges doing calculations on MS Word/Excel document, please work on paper [handwrite], scan and upload.

Areas of Evaluation & Grading