19 Jan credence in forecasting

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 the

WBS 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 in

Module 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 Assignment box. (This Assignment box basket may be linked to Turnitin.)