Earned Value & Forecasting Essay Example | Topics and Well Written Essays - 750 words

Earned Value & Forecasting - Essay Example The budgeted cost of work performed at end of period 8 comes out to be $868,000. The same is shown in Table 1. Cost Variance (CV) can be calculated as the difference between budgeted cost and actual cost of work performed which is equal to $(868,000-1,005,000) i.e. - $137,000. A negative cost variance here implies that the project is over-budget by the end of period 8. The Cost Performance Index (CPI) is given by the ratio of budgeted cost of work performed to the actual cost of work performed i.e. (868,000/1,005,000) which is equal to .86. As the Cost Performance Index is less than 1, it again implies that the project is over-budget. Schedule Variance (SV) can be found out as the difference between budgeted cost of work performed and the budgeted cost of work scheduled till the end of period 8 which is equal to $(868,000-955,000) i.e. - $87000. A negative schedule variance here implies that the project is behind schedule by the end of period 8. The Schedule Performance Index (SPI) i s given by the ratio of budgeted cost of work performed to the budgeted cost of work scheduled i.e. (868,000/955,000) which is equal to .91. As the Schedule Performance Index is less than 1, it gain implies that the project is behind schedule. ... 500000 1.3.2 60000 80 48000 1.4.1 120000 0 0 1.4.2 40000 50 0 1.4.3 75000 100 75000 1.5.2 15000 20 0 1.5.3 30000 0 0 1.6.1 45000 20 0 1.6.2 60000 50 0 1.6.3 30000 0 0 1.6.4 25000 0 0 Total 124500 (BAC) 868000 (BCWP/EV) The planned percentage of work completed can be calculated by dividing the planned work completed (in terms of number of periods) by the total work (in terms of number of periods). The total work periods can be calculated by adding the planned durations of each activity. This comes out as 26 periods. The planned work periods can be calculated by multiplying the planned percent of work completed for each activity by its planned duration. This is equal to 15. Hence, the planned percent of work completed is equal to 15/26 i.e. 57.7%. Similarly, the actual percent of work completed is computed as the ratio of actual work completed (in terms of number of periods) to the total work (in terms of number of periods). The actual work periods are calculated as 15.2 in the same fa shion as for planned work periods. The actual percent of work completed, therefore, comes out as 15.2/26 i.e. 58.46%. The percent cost completed is simply defined as the ratio of actual cost incurred till end of period 8 to the total planned cost of the project i.e. (1,005,000/1,245,000) which comes out as 80.72% Table 2: Calculating percent task completion Task Duration Actual Percentage of work completed at end of period 8 Actual work completed (in periods) at end of period 8 Planned percentage of work completed at end of period 8 Planned work completed (in periods) at end of period 8 1.2.1 3 100 3 100 3 1.2.2 1 100 1 100 1 1.2.3 2 100 2 100 2 1.3.1 3 100 3 100 3 1.3.2 2 80 1.6 100 2 1.4.1 3 0 0 66.66666667 2 1.4.2 1 50 0.5 0 0 1.4.3 3 100 3 66.66666667 2 1.5.2 1 20 0.2 0 0 1.5.3 2 0 0 0

Environmentally Sustainable Business Essay Example | Topics and Well Written Essays - 2250 words

Environmentally Sustainable Business - Essay Example Other initiatives include development of aero-engines that are friendlier to the environment and airframes that are efficient. The aviation industry has also developed ways of assisting communities and passengers comprehend the concept of climate change and pollution resulting from use of the airlines. Aviation Industry players are undertaking the initiatives to mitigate the negative environmental effects caused by the activities in the aviation industry. The activist stage explain that societal issues caused by businesses or organizations are new and very few people understand the extent of their good or bad sides to the society. As a result, activists are ignored because they are not supported by facts or evidence. Proponents of the new societal issues are normally ignored or dismissed by the business community and authority. The proponents championing for societal rights are activists (Zadek 2004). According to the SA (2009) report, issues of environmental challenges had already emerged in the UK aviation industry, and the authorities, airlines and the communities have negotiated mitigation measures. This stage had been by-passed because powerful coalition was underway to deal with the environmental challenges of aviation industry. The coalition is comprised of airlines, Airport Operators Association (AOA), the British Air Transport Association (BAT), the Society of British Aerospace Companies (SBAC) and NATS (AS 2009). The second stage is the emerging stage. This stage recognises that the political and media community know and understand the societal issues. There are research bodies that emerge to study the cropping societal issues in the UK aviation caused by aviation activities and processes. The second stage has also been by-passed because climate change, noise and air pollution have become common knowledge in the United Kingdom especially among air operators. Researches have also been commissioned while monitoring and evaluation frameworks have been