project management schedule cost and variance

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Thomas Johnson is a timber and Christmas tree farmer who attended a project management class last year during his off-season. When the subject of earned value (EV) came up in class, Thomas wondered if he was utilizing the concept properly.

In mid-October, Thomas hires and trains crews who work to shear fields of Christmas trees for the upcoming holiday season. In this practice, each worker uses a large machete to shear the branches of the tree into a cone shape tree, which is the desire of most customers. Thomas operates his business per the following:

  • He counts the number of Christmas trees in the field, which is approximately 24,000.
  • He agrees with customer Tom Jones to a $30,000 lump sum contract for shearing all trees in the field.
  • He receives a partial payment about 5 days after starting the project. He then estimates the actual number of sheared trees to be approximately 6,000. The actual number of trees is taken as a percent of the total to be sheared, multiplied by the percent completed by total contract amount for the partial payment [(6,000/24,000 total trees = 25% of trees trimmed), (.25 * $30,000 total payment = 5 days payment of $7,500)].

Write a 1,050- to 1,400-word paper that thoroughly answers the following questions based on the case study:

· Is Thomas over, on, or below schedule? Explain.

· Is Thomas using earned value as he was taught in his project management course? Explain.

· What can Thomas do to set up a schedule and cost variance?

· What method do you suggest for Thomas to use for any changes in project scope, such as the shape of the tree that Tom wants?

· It appears Thomas is using the traditional method of project management. How can he accelerate the completion of this project that he has contracted for using the Agile methodology?

· Analyze Thomas’s project performance on this project, assuming the original quote given to the customer was an estimate.

Format your paper consistent with APA guidelines.

NOTE: This is a professional paper and not a question and answer list. Do NOT segment your paper with headings that are the questions from the assignment. Cover the information in a professionally formatted paper.

Submit the assignment.

Grading Criteria:

70% Content

· All questions from the case are covered

30% Writing Style:

· Consistent with APA formatting guidelines and meets course-level requirements. Includes title page, reference page and appropriate headings.

· Intellectual property is recognized with in-text citations and a reference page.

· Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.

· Sentences are complete, clear, and concise.

· Rules of grammar and usage are followed including spelling and punctuation.

 
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