Fichas
Interpret earned value data
Fichas del conjunto (4)
- 1Is this project scenario good or bad (#1 p.216): a) Earned value (EV) is higher than planned cost (PC) & actual cost (AC) b) Planned cost (PC) is higher than actual cost (AC)Good - project is ahead. It has nearly finished with dramatically lower costs than estimated.
Poor estimating can lead to taking on less risk and missing out on opportunities.
Project team is very efficient. - 2Is this project scenario good or bad (#2, p.217): a) Actual cost (AC) is above planned cost (PC) and earned value (EV). b) Planned cost (PC) is higher than earned value (EV).Bad - the actual costs are way above budget and the delivery is late.
Highlights: potential inefficiencies of effort; that estimates could have been wrong; requirement for more training; improvement of process efficiency; possible low team morale. - 3Is this project scenario good or bad (#3, p.217): a) Planned cost (PC) is above actual cost (AC) and earned value (EV) b) Actual cost (AC) is above earned value (EV)Bad - project is delivering too slowly and spending more than budgeted for current progress.
Highlights: possible team demotivation; need for reinforcement; requirement for more skilled staff to recover schedule & utilise under spend. - 4Is this project scenario good or bad (#4, p.218): a) Earned value (EV) is above actual cost (AC) and planned cost (PC) b) Actual cost is higher than planned cost (PC)Good - project is ahead.
Bad - costs are above what estimated.
Highlights: project could slow down & redeploy staff to reduce costs as it can reduce speed of delivery.