Tutorial on Construction Management(EARNED VALUE ANALYSIS),LAST YEAR

  PROJECT MONITORING AND CONTROLLING

Q_1. What do you mean by “Project Monitoring”? Why it is important. Explain.

Q₂. What are those parameters, project managers always focus on?

Q_3. Define Control. Describe the steps involved while performing project control assessment.

Q_4. Define Quality Control. Describe the steps involved while performing project Quality control assessment.

Q₅. Define Cost Control. Describe the steps to do it. Describe the methods used for cost control.

Q₆. Define EVA.

                                                   ADDITIONAL QUESTIONS

 

 

Q_1. Rabi Shankar Yadav was responsible for 125m³ of concreating to be done in 10 days with the expenditure of Rs.12,50,000. At the end of 3rd day, he managed to complete 40m³ of concreating work with the expense of Rs.3,75,000. Perform EVA and comment on his performance.

 

Q₂. Suppose you are managing a construction project. The project is expected to be completed in 8 months at a cost of Rs.100000 per month. After 2 months, you realize that the project is 30% completed at a cost of Rs.400000. Determine whether project is on time, on budget after 2 months.

 

Q_3. You have a project that is scheduled to be completed in 10 days at the budgeted cost of Rs. 1 Lakh. After the completion of 6 days, you do an analysis and determined the job is 70% of the work is completed and expenditure is Rs. 65000/-. Based on this data is your work performance is on track? Perform EVA and Comment your performance.

 

Q_4. Why Cost control is important in Project? 15 houses were to be completed in three months with per unit cost of 25 lakh. In one month 4 houses were completed with total expenditure of 9600000/-. Use EVA to find the status of the project.

 

Q_5. A construction company is planned to fix 100 units of precast window in 20 days with a budget of 25 lakh. The progress status was reviewed on 10th day from the start date of fixing and only 40 units were with expenses of 9 lakh is completed. Find out all the parameters of EVA (Earned Value Analysis) and comment on its performance.

 

Q_6. A contractor agreed to build 50 dog houses in 90 days at a price of $1000 per unit. 20 days later, the contractor has finished 10 dog houses with actual cost of $8500. What is the status of the project?

 

Q_7. A construction work had to be completed in 10 days with 50 labors at 1000 per day i.e., with total cost of 50000/-. At the end of third day only 25% work was completed with the use if 18 Labor Day at Rs.800/- per day. Perform EVA and comment on the performance.

 

Q_8. For a particular project budgeted cost of work schedule was 950000 and budgeted cost of work performed was 800000 at a point of reporting data. i.e., at 20 weeks from starting date. But the actual cost of the work performed was 1000000 and the project completion time is 45 weeks. The project having estimated cost of Rs. 5000000. Based on the above information, draw features of that project and comment on each parameter of earned value analysis.

 

Q_9. A project is undertaken where the work has to be completed within 60 days with a budget of Rs. 20,000. The cost breakdown per month is Rs. 10,000. The work scheduled in each month is half of the total work to be completed. According to the progress reports, at the end of the first month, only 25% of the total work has been completed and 50% of the total budget has been spent.

 

Q_10. Compute Estimate at Completion (EAC) and Variance at Completion (VAC) if both SPI and CPI influence the project work when given variables are: -

Budget At Completion (BAC) = $22,000

Earned Value (EV) = $13,000

Planned Value (PV) = $14,000

Actual Cost (AC) = $15,000

 

Q_11. You are the project manager for a construction project. This project will last for 12 months. At the end of the 3^rd month, you evaluate the project performance. The SPI is 0.9, CPI is 0.85 and Earned Value (EV) is $80000. Comment on your performance.

 

Q_12. In a project, if cumulative planned value of the project is 2500, Earned Value is 1700 and Cumulative actual cost is 2000, then calculate cost variance, schedule variance, cost performance index and schedule performance index.                                                                                           [NEB 2080]

                        *Last Submission date: -2080/05/25

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