1. Development a cost model for the project similar to the one in the text book (figure 7-2). Use the following work breakdown structure for preparing this model; also assume a labor rate of $100/per hour for the project manager and $60/per hour for all other team members. Assume that none of the work is outsourced, labor costs for users are not included, and there are no additional hardware costs. The total estimate should be $250,000. (Note: this is not a full time project for you as the assigned project manager)

WBS:

1- Project management

2- Requirements definition

3- Web site design

3.1- Registration for recreational programs

3.2- Registration for classes and programs

3.3- Tracking system

3.4- Incentive system

4- Web site development

4.1- Registration for recreational programs

4.2- Registration for classes and programs

4.3- Tracking system

4.4- Incentive system

5- Testing

6- Training, rollout, and support

Assignment Instructions:

Read the “Case Study” folder attached

Complete the template as per the instructions above.

2. Using this cost model you created, develop a cost baseline by allocating the costs by WBS for each month of the project.

Read the “Case Study” folder attached

Complete the cost baseline template (folder attached) as per the instructions above.

3. Assume you have completed three months of the project. The BAC is $250,000 for this 6 month project. Also assume the following:

PV = $120,000

EV = $100,000

AC = $90,000

Calculate the following:

1. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?

2. How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?

3. Use the CPI to calculate the estimate at complete (ETC) for this project. Is the project performing better or worse than planned?

4. Use the SPI to estimate how long it will take to complete this project..

Read the “Case Study” folder attached . Answer the above questions in Word, Excel or a similar tool. Be sure to include your calculations on this document.

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