Lee Charlton

POM 447
POM+ Project
Part 4 A
1. How is the project progressing in terms of cost and schedule?
With the projects duration increasing in certain points we had to allocate more money to those
specific projects, this set our total cost higher than it should be. We are anticipating being over
budget by $104,000 and we still need $1,224,800 to finish.
We are 29% done with the project time wise, as it stands we are 1 week behind schedule
and our new duration is 145 days.
2. What activities have gone well? What activities have not gone well?
Activities that went well were only needs survey after that each project was started late. Budget
wise we were perfectly on budget for our shelf life report, and also under budget for our
nutritional report.
Set product specs, shelf life report, nutrition report and equipment rehab were all started late. On
the cost side of things we were over budget on needs survey, and set product.
3. What do the PCIB and PCIC indicate in terms of how much of the project has been accomplished to
date?
After calculating both the PCIB and the PCIC we see that the project is only 29% completed
4. What is the forecasted cost at completion (EAC)? What is the predicted VAC?
The forecasted EAC is $1,661,788.56
The predicted VAC is $30,211.44
5. Report and interpret the TCPI for the project at this point in time.
It is telling us we need to be 100% efficient then we can get back to our budget.
6. What is the estimated date of completion?
July 26, 2012
7. How well is the project doing in terms of its priorities?
Since cost was our first priority I will say that so far we are under budget which is good but
we also havent started every project yet so the cost may still vary

Tracking Gant Chart

Earned Value Table

Part 4 B
Assume that today is May 31, 2012, and Table A2.4 contains the tracking infor- mation for the
project up till now. Enter this information into your saved baseline file and prepare a status report for
the POM1 project.
Your status report should address the following questions:
1. How is the project progressing in terms of cost and schedule?
According to cost we are under budget by $179,040. And remaining we have $489,600 to finish.
We are at the point 76% completed with this project as of March 31, 2012 expecting the projects
duration to run 146 days
2. What activities have gone well? What activities have not gone well?
Activities that have gone well are Needs Survey, Quality metrics, and quality training. All finishing
within 0 to 1 day of their expected time
Activities that did not go well would be selecting fruit suppliers, market testing, package design,
completing the FDA certification and registering the trademark, each of these went over by 10 more
days.
3. What do the PCIB and PCIC indicate in terms of how much of the project has been accomplished to
date?
After Calculating both the PCIB and PCIC we see that the project is 76% complete
4. What is the forecasted cost at completion (EACf)? What is the predicted VACf ?
The forecasted EAC is $1,449,408.08
The predicted VAC is $242,591.92
5. Report and interpret the TCPI for the project at this point in time.
The TCPI tells us we need to be 75% more efficient to stay on budget.
6. What is the estimated date of completion?
The estimated date of completion is July 27, 2012
7. How well is the project doing in terms of its priorities?
With our cost being under budget thing are going well in that sense, Where are time completed
has move up another day we could have prioritized specific task more than others to help cut
down on going over 10+ days.

Tracking Gant

Earned Value