Indoor Theme Park

Indoor Theme Park Project

Troy Paine

PM592,

Professor: Chrystal Foster

6/07/2012

Course Project 2

Indoor Theme Park Project

Executive Summary

As we continue our project we need to look at where we are in order to determine where we are going. Currently our total project costs are $4,644,920.00 which is above our original baseline cost of $4,449,920.00 due to unforeseen increases in material costs. This $195,000 dollar increase in fixed costs has not placed a significant setback in our projects bottom line. We are currently half way through our project with 40% of our goals completed. Even though we are currently behind schedule by ($565,266.07) we will be able to make up the time and still finish our project by the date of 12/19/2008. We have our new estimate at completion of $5,039,790.43 and with the proper adjustments to our schedule we will be able to pull our completion date back into line. We should be able to keep the costs in line if not improve upon them by keeping a tighter day to day track of our progress and adding additional resources to tasks and shorten their duration. Overall this project is still within a margin of acceptance and will be operational and complete for its grand opening.

Task Name | Fixed Cost | Fixed Cost Accrual | Total Cost | Baseline | Variance | Actual | Remaining |

Theme Park Project | $0.00 | Prorated | $4,644,920.00 | $4,449,920.00 | $195,000.00 | $1,230,683.00 | $3,414,237.00 |

Task Name | % Complete | Planned Value - PV (BCWS) | Earned Value - EV (BCWP) | AC (ACWP) | SV | CV | EAC | BAC | VAC |

Theme Park Project | 40% | $1,651,866.67 | $1,086,640.60 | $1,230,683.00 | ($565,226.07) | ($144,042.40) | $5,039,790.43 | $4,449,920.00 | ($589,870.43) |

Task Mode | Task Name | Start | Finish | Late Start | Late Finish | Free Slack | Total Slack |

Manually Scheduled | Theme Park Project | Mon 4/14/08 | Mon 12/29/08 | Mon 4/14/08 | Mon 12/29/08 | 0 days | 0 days? |

Performance Analysis

Our ability to take on an indoor theme park project will be challenging and difficult to say the least. As we have had plenty of theme park project experience this will be our very first theme park that we have built indoors. Our initial project budget and schedule baseline was set with a budget equal to $4,449,920.00 and an essential completion date of 12/19/08. Now as we have approached the half way mark on our project we are beginning to see some signs that we have not performed very efficiently because we are only 40%