Project Management Planning and Risk

RAMBOTICS Corporation "New Generation Robot Project" Projected Baseline Costs EV Analysis EV Calculations EV Cost Parameters Monthly Data of EV/PV/AC RAMBOTICS Corporation is working on an exciting new project that is referred to as the "New Generation Robot Project." The project charter has scheduled the project kickoff to be on the 1st of January, 2016. However, this analysis represents an overview of the project's status report after the project has been managed for roughly eight months after fast-forwarding to August 2016.

The project has activities that fall within one of nine different categories (illustrated below). The project works its way through the robot's electronics, components, and software before attempting to design the robots body and finalizing an overall design.

ID Job Description Duration Staff (#) A Electrical Design Start B Assemble Boards A C Test Boards B D Software Design Start E Programming D 2 F Software Testing E 2 G Robot Body Design A 4 H Robot Construction G 2 I Final Assembly C, F, H 2 Projected Baseline Costs Task Task 1 Cost ($) Cumulative Work (months) New Generation Robot Electrical Design 240000 24 Assemble Boards 120000 12 Test Boards 40000 4 Software Design 40000 4 Programming 40000 4 Software Testing 40000 4 Robot Body Design 80000 8 Robot Construction 40000 4 Final Assembly 40000 4 New Generation Robot Project Total 680000 68 Grand Total Budget at Completion (BAC) $680,000 68 EV Analysis Task Name Predecessors Baseline Work (Months) Baseline Duration (Months) % Work Complete Duration (Months) Actual Duration (Months) Actual Work (Months) New Generation Robot Project 68 12 68% 15 8.91 57 Electrical Design 24 4 5 5 30 Assemble Boards 1 12 4 75% 4 3 9 Test Boards 2 4 2 0% 2 0 0 Software Design 4 4 4 4 4 Programming 4 4 2 80% 5 4 8 Software Testing 5 4 2 0% 4 0 0 Robot Body Design 1 8 4 75% 4 3 6 Robot Construction 7 4 2 0% 2 0 0 Final Assembly 3,6,8 4 2 0% 2 0 0 EV Calculations PV (BCWs) $586,000 Planned value till End of the 8-month EV (BCWP) $462,000 Earned value till end of the period AC (ACWP) $570,000 Actual cost of work done till end of the period SV ($124,000) Schedule variance (PV- -EV) at end.