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Management
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Essay
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English (U.S.)
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Topic:
Project Monitoring and Control Management Essay Paper
Essay Instructions:
Read through the Tree Trimming Project case in chapter 13 of the textbook. This case refers to the earned value (EV) of the owner, Will Fence’s Tree Trimming business. Will briefly describes his techniques for EV. Based on the description provided in the case, is Will using EV?
Answer the corresponding question provided at the end of the case (300-500 words). Use references from the reading materials to support your response.
APA format is not required, but solid academic writing is expected.
Essay Sample Content Preview:
Project Monitoring and Control
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Project Monitoring and Control
1 Wil is on schedule. At the end of the fifth day, Wil would have spent $7500 which is directly proportional to the labour used in shearing the trees. Wil is also on budget. This means that the budget for labour within the five days equals the value of the work done within that same period. 25 % of the total work is completed at the end of five days. To calculate this, we take the total amount of work to be done (24000 trees) and divide it by the work done at the end of five days (6000 trees) and multiply it by 100 %. Thus, 24000 divided by 6000 then multiplied by 100 equals 25%. At the end of five days, the amount paid is 25% of the total budget cost, which is $30000; that is $7500. If this trend goes on uniformly within the remaining time, Wil will finish all the work and pay the workers in full on time. Therefore, this indicates the planned value ...
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