Proj 592 - CP3
PERFORMANCE ANALYSIS
After setting the entire project to 40% complete on Oct 1, 2008 we can see that the project is behind schedule. The schedule variance of the entire project is $ (736,599) and Schedule performance index is at 0.68, which indicates that for every $1.00 spent in the project we are only getting $0.68 worth of work done. Since we do not have actual cost data, the MS Project calculates the budget is under budget by a negligible $80.
Performance Analysis (Cost)
Table 1
Task Name
Cost Variance
CPI
Estimate at Completion
Baseline Cost
Theme Park Project
80
1.00
4,449,920
4,449,920
Site Layout & Side Grading
-
1.00
10,000
10,000
Footings & Foundations
-
1.00
103,600
103,600
Masonry
-
1.00
281,200
281,200
Frames, Columns & Beams
-
1.00
370,800
370,800
Joists & Roof Deck
32
1.00
515,520
515,600
Slab on Grade
-
1.00
218,200
218,200
Rough Carpentry
6
1.00
103,184
103,200
Interior Studs
-
1.00
10,400
10,400
Interior Drywall
-
-
65,600
65,600
Painting
-
-
66,000
66,000
Elevator
8
1.00
135,579
135,600
Doors
-
-
47,600
47,600
Custom Theme Painting
-
-
24,000
24,000
Flooring
-
-
85,200
85,200
Finish Carpentry
-
-
10,200
10,200
Bathroom Compartments/Acc
-
-
1,560
1,560
Plumbing
3
1.00
186,991
187,000
HVAC
3
1.00
264,993
265,000
Electrical
5
1.00
195,782
195,800
Mechanicals Complete
-
-
-
-
Attraction Install & Training
23
1.00
1,943,795
1,944,400
Furniture Installation
-
-
153,400
153,400
System & Security Training
-
-
2,040
2,040
Final Walkthrough
-
-
520
520
Grand Opening
-
-
30,000
30,000
Looking at the table above, we can conclude that the project is on budget and may not need much corrective actions. The MS Project predicts that the Budget at completion at $4,453,480, which is a little more than the planned $4,449,920. There might be some cost overruns in the future due to the schedule delay. This could affect the project’s Budget at completion. The current calculation of under budget is misleading the next table (Schedule Performance) shows the project
After setting the entire project to 40% complete on Oct 1, 2008 we can see that the project is behind schedule. The schedule variance of the entire project is $ (736,599) and Schedule performance index is at 0.68, which indicates that for every $1.00 spent in the project we are only getting $0.68 worth of work done. Since we do not have actual cost data, the MS Project calculates the budget is under budget by a negligible $80.
Performance Analysis (Cost)
Table 1
Task Name
Cost Variance
CPI
Estimate at Completion
Baseline Cost
Theme Park Project
80
1.00
4,449,920
4,449,920
Site Layout & Side Grading
-
1.00
10,000
10,000
Footings & Foundations
-
1.00
103,600
103,600
Masonry
-
1.00
281,200
281,200
Frames, Columns & Beams
-
1.00
370,800
370,800
Joists & Roof Deck
32
1.00
515,520
515,600
Slab on Grade
-
1.00
218,200
218,200
Rough Carpentry
6
1.00
103,184
103,200
Interior Studs
-
1.00
10,400
10,400
Interior Drywall
-
-
65,600
65,600
Painting
-
-
66,000
66,000
Elevator
8
1.00
135,579
135,600
Doors
-
-
47,600
47,600
Custom Theme Painting
-
-
24,000
24,000
Flooring
-
-
85,200
85,200
Finish Carpentry
-
-
10,200
10,200
Bathroom Compartments/Acc
-
-
1,560
1,560
Plumbing
3
1.00
186,991
187,000
HVAC
3
1.00
264,993
265,000
Electrical
5
1.00
195,782
195,800
Mechanicals Complete
-
-
-
-
Attraction Install & Training
23
1.00
1,943,795
1,944,400
Furniture Installation
-
-
153,400
153,400
System & Security Training
-
-
2,040
2,040
Final Walkthrough
-
-
520
520
Grand Opening
-
-
30,000
30,000
Looking at the table above, we can conclude that the project is on budget and may not need much corrective actions. The MS Project predicts that the Budget at completion at $4,453,480, which is a little more than the planned $4,449,920. There might be some cost overruns in the future due to the schedule delay. This could affect the project’s Budget at completion. The current calculation of under budget is misleading the next table (Schedule Performance) shows the project