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Summary Tree Trimming Project AnalysisCPMGT303.docx Tree Trimming Project Analysis CPMGT/303 Tree Trimming Project Analysis Thomas Johnson is a Christmas tree grower looking to utilize his newly acquired skills to assess earned value as learned in a recentl$4.99
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Summary Tree Trimming Project AnalysisCPMGT303.docx Tree Trimming Project Analysis CPMGT/303 Tree Trimming Project Analysis Thomas Johnson is a Christmas tree grower looking to utilize his newly acquired skills to assess earned value as learned in a recentl
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Western Governors University
Tree Trimming Project AnalysisCPMGT Tree Trimming Project Analysis CPMGT/303 Tree Trimming Project Analysis Thomas Johnson is a Christmas tree grower looking to utilize his newly acquired skills to assess earned value as learned in a recently attended project management class. Thomas is start...
tree trimming project analysiscpmgt303docx tree trimming project analysis cpmgt303 tree trimming project analysis thomas johnson is a christmas tree grower looking to utilize his newly acquire
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Tree Trimming Project Analysis
CPMGT/303
Tree Trimming Project Analysis
Thomas Johnson is a Christmas tree grower looking to utilize his newly acquired skills to
assess earned value as learned in a recently attended project management class. Thomas is
starting another project and is applying these aptitudes to help in his business operation.Mr.
Johnson has gone into an agreement with client Tom Jones for the sheering and cutting of around
24,000 trees for a precise amount of $30,000.Thomas Johnson starts recruiting workers and
arranging various sources of data to help aid in his estimations. Through a progression of
calculations and findings, we will examine the task and its prosperity.
Schedule
To decide how the project is running, we need to understand the schedule variance (SV).
This estimation will let us know whether Thomas Johnson is ahead, on, or delayed schedule. The
schedule variance is determined by deducting the planned value from the earned value utilizing
the accompanying calculation SV= PV - EV. Utilizing the information Thomas Johnson
assembled, we need to figure the earned and planned values to survey the schedule. According
to Wilson (2014), "planned value is the budgeted cost for work scheduled for a particular work
activity within a specified time frame" ("Earned Value Analysis"). The calculation is as follows
PV = (Activity Total Budget) × (Scheduled % of completion). The data accumulated by Thomas
Johnson doesn't provide a formidable timeline for the completion of the project. Without making
a presumption, we can't decide the planned level of completion on the off chance that we don't
have a timeline. Thomas Johnson settles on a singular amount agreement with Tom Jones for an
, installment of $30,000. The procured worth can be assessed by multiplying the activity complete
spending plan by the genuine completion level. Thomas Johnson provides us with all the
subtleties expected to calculate this figure. The total budget is $30,000, and dependent on the
number of shearings, Thomas Johnson appraises the project to be 25% finished. The earned
value is determined as follows $30,000 x .25 = $7,500. If we accept the project is twenty days
long, we can verify that the task is on time for completion. With a project timetable of fewer than
twenty days, the project is behind schedule.To decide this, we utilize the expected timeline of
twenty days to calculate the planned value $30,000 x .25 = $7,500. The timetable difference
would then be determined depending on our presumption of a twenty-day project schedule.
Earned value $7,500 deducted from planned value $7,500 results in $0. The subsequent zero
shows us the undertaking is on target.
Earned Value Usage
Thomas Johnson is using the earned value appropriately while calculating the planned
expense of work performed. In his notes, we can access he gives all the critical data expected to
arrive at the values expected to calculate the acquired worth. For example, Thomas Johnson
starts by documenting the total sum of trees he offers to the client, 24,000.He also notes several
other critical values such as the contract sum of $30,000, the number of trees completed, 6,000,
and the time of completion, five days. Utilizing this information, we were able to calculate the
earned value. The calculation of 6,000 (trees completed) / 24,000 (total trees) gives us the actual
percentage of completion needed to calculate the earned value. We can then arrive at the earned
value as follows $30,000 (total budget) x .25 (actual percent complete) = $7,500. However,
additional information such as the estimated project timeline is needed to ensure we can perform
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