In this assignment, your team is managing a software development project with a total project budget of $178,500.

Total work effort is 1,536 hours and the timeline for completion is 24 weeks. At the end of week 12, the plan was to
have completed 55% of the project scope. However, actual progress was calculated at 650 worth of hours completed
on project activities and actual cost (in hours) for these activities is 780.

With your team, please answer the following questions. For each response, show the pertinent formula(s) as it applies
and "show your work" in addition to providing a narrative statement.

How much money was supposed to have been spent at the end of week 12?
Will the project finish on time and within the given budget?
How much money will it take to complete the project?
What are we forecasting the final project cost to be?
Your team should show all calculations and thoroughly explain what the resulting numbers mean for the project.
Remember to cite all references used to answer questions.
EVM

2
EVM EXAMPLE

3
 REFERENCES
• Kathy Schwalbe, Information Technology Project Management, Seventh
Edition, Course Technology – Cengage Learning, 2013.
• A Guide to the Project Management Body of Knowledge, Fifth Edition,
Project Management Institute, 2013. (PMBOK GUIDE)
• https://www.projectmanager.com/
• https://pmstudycircle.com/
• http://www.free-management-ebooks.com/faqpm/schedule-02.htm
• Project Academy
• Rita Mulcahy PMP Exam Prep 2013