Problem
The e-commence application for the Open University of Africa, has 10 activities to be completed before the whole project can be done, Assuming that according to the project team plan. the cost of the e-commence application is set to be R15, 000 per activity and is approximated to complete in 20 days. However, 5 days into the project the team have spent R85000 and have finished 6 activities. You are asked to write a report on how the project is performing and what is left in terms of cost and time.
Your Earned Value Management (EVM) report should include calculations on: planned value, actual cost and earned value.
Actual cost, cost variance, cost performance index, schedule variance and schedule performance index.
Finally, the report should indicate what the calculations values indicate in terms of the project performance.