Earnings Method Management Assignment Example | Topics and Well Written Essays - 1250 words

Earnings Method Management - Assignment Example If Invalid, Reason: It is invalid because the start of work is not an acceptable milestone. If Invalid, Reason: If Invalid, Reason: It is invalid because there is no milestone in period 3 and work was left to be completed. If Invalid, Reason: It is invalid because there is no milestone in the second measurement period. If Invalid, Reason: If Invalid, Reason: If Invalid, Reason: It is invalid because no more than 80% of the value of the next period’s milestone can be planned in the current period. If Invalid, Reason: It is invalid because it extends to more than two consecutive measurement periods and more than two earning points have been established. If Invalid, Reason: It is invalid because it spans more than two measurement periods and t has more than two earning points. If Invalid, Reason: It is invalid because the total work package should be 100% and there s no indication that the work will continue into the next period. If Invalid, Reason: If Invalid, Reason: If Invalid , Reason: It is invalid because the totals of the percentage ratios do not add up to 100% of the total work package and there is no indication that the work is ongoing to the next period. ... The first completed earning point was in period 2 and the project was completed in period 2. Comments: The 50% is earned when the project actually starts in period 1. However, the project was not completed until period 3 even though it was scheduled to be completed in period 2. Therefore, the planned earning point (period 2) is earlier than the completed earning point (perod 3). Comments: The work package was scheduled to start in period 2 and end in period 3; however, it was started earlier in period 1 and completed in period 2. Therefore, the earnings came much earlier than anticipated. Comments: The planned milestones are earlier than the completed milestones and so the planned values are earned in subsequent periods. The work continues into the next period when milestone 3 will be completed and the final budgeted amount of ?20,000 will be earned. Comments: The planned milestones were for periods 1, 2 and 3. However, the completed milestones occurred in periods 2 and 3. Therefore, half of the budgeted amount was earned n period 2 and the other half in period 3. Comments: The planned milestones were for periods 1 and 2. However, the milestones were completed in periods 1 and 2. The first milestone was completed before the scheduled start of the work package. Comments: The plan was for the work to start early in period 1 and to be completed in period 2. However, the work started late in period 2 and was still ongoing at the end of period 3. The milestones were planned for period 1 and 2 but the first milestone was not accomplished until period 3 due to the late start. Only 60 workdays were completed at the end of period 3. Comments: The work started a little late and so the milestones