Project Management PHẦN 9 ppsx

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Project Management

by Joan Knudson and Ira Bitz

AMACOM Books

ISBN: 0814450431 Pub Date: 01/01/91

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Calculations Using Accomplishment Data

The calculations employed in the analysis of accomplishment data use these acronyms:

BAC = budget at completion

BCMS = budgeted cost of milestones scheduled (or the planned

earned value)

BCMP = budgeted cost of milestones performed (or actual earned value)

ACMP = actual cost of milestones performed (or actual dollars spent)

Example 1

Activity ABC is to produce 100 units and is scheduled to take 5 weeks. Each unit is planned to cost $75.*

Below are the basic data needed to work through this example.

1. Planned status at the end of the third week. If 100 units are scheduled to be produced in 5 weeks, 20

units are scheduled to be generated per week if we assume linear production. Therefore, at the end of

the third week, 60 units are planned to be produced. If the standard cost of each unit is $75, the BCMS

is $4,500.

2. Actual status at the end of the third week. Fifty units have been produced, earning the value of

$3,750. In other words, 50 units × $75 (standard cost) = $3,750. Therefore, the BCMP is $3,750.

3. Monies actually spent: The financial reports indicate that $3,000 has been spent; therefore, the

ACMP is $3,000.

To summarize:

• BAC of the project is planned to be $7,500.

• At the end of the third week, BCMS is $4,500, BCMP is $3,750, and ACMP is $3,000.

Questions:

Here are seven questions that can be answered with the data provided. Work through the calculations; then

look up the answers and explanations that follow.