Use the Information in the Table Regarding This Seven-Month Project

question 50

Essay

Use the information in the table regarding this seven-month project to create two plots.The first plot should be the S-curve for Earned Value.Indicate on this plot whether the project is ahead or behind schedule and by how much.The second plot should be the Earned Schedule and the Estimate at Completion for Time.Comment on the symmetry of this graph and whether you would expect a similar plot from any other project to exhibit similar characteristics. $\begin{array}{|l|l|l|l|l|l|l|l} & \text { Month } 1 & \text { Month } 2 & \text { Month } 3 & \text { Month 4 } & \text { Month } 5 & \text { Month } 6 & \text { Month } 7 \\\hline \text { PV (\$) } & \$ 125 & \$ 275 & \$ 500 & \$ 875 & \$ 1,485 & \$ 2,325 & \$ 2,670 \\\hline \mathbb{E V}(\$) & \$ 140 & \$ 280 & \$ 480 & \$ 800 & \$ 1,280 & \$ 1,975 & \$ 2,950 \\\hline\end{array}$

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Definitions:

Positive Words

Words that convey affirmative, optimistic, or encouraging meanings, often used to motivate or uplift the listener or reader.

Disappointment

The feeling of sadness or displeasure caused by the nonfulfillment of one's hopes or expectations.

Delivering Bad News

The process of communicating unfavorable or disappointing information in a considerate and tactful manner.

Fair and Reasonable

Terms and conditions or prices that are just, equitable, and not excessive.