Running Header: Indoor Theme Park Project

CP-2 Indoor Theme Park Project October 5, 2011 Project Cost and Schedule Control, PM 592

Introduction The new indoor theme park project was initially planned for duration of 180 Days with a start date of April 14, 2008. The preliminary cost was $4,846,920. The indoor theme park attraction includes a Ferris Wheel, Ropes Course, Climbing Wall,

Running Header: Indoor Theme Park Project Carousel, Bowling Alley, Go Carts and Mini Golf. The final walk through is scheduled on December 18, 2008 with a grand opening on December 19, 2008. This report has been prepared to evaluate the cost and schedule of the indoor theme park project. The project data was utilized to produce a project schedule representing the project at a specific point during implementation. Microsoft Project is the tool selected to perform the project monitoring and control. Executive Summary It has been nearly 5 months since the commencement of the indoor theme park project and 40% of the tasks are complete. The AC (Actual Cost) is not provided so it is presumed that costs are in control and there are no plans to take corrective actions to control costs at this point in time. There are many tasks behind schedule. The entire project is behind schedule with a Performance Index of 0.68. This indicates that for every $1 spent on this project there is only an efficiency of $0.68 value. There are corrective actions that can be implemented to turn this project around and get it back on target. I will explore these corrective actions later in the report. Based on my review of the information contained in this document, I do not believe that this project should be abandoned. My report contains details about how we can control the delay in the project and come up with some corrective actions to make sure the project is not delayed any further. Schedule 1 The provided data has been extracted from MS Project. The work breakdown structure (WBS) is broken down to 3 levels. The installation of the Ferris Wheel is broken down further, and is dependent on task slab on grade. After all the data was entered and base lined, the review date and current date has been set to October 1, 2008. The project start date is April 14, 2008, and after nearly 5 months the project is evaluated to determine the actions necessary to complete the project in time. The entire project is 40% complete meaning that the project is behind schedule. The Actual Cost information has not been provided, so I believe the project is neither under nor over budget. The completed project activities are Site Layout & Site Grading, Footings & Foundations, Masonry, Frames, Columns and Beams, Slab on Grade, Stacks & Vents, and Electrical Boxes. There are many scheduled completed tasks that are not complete. Attached is the Gantt chart showing the progress of project as on Oct 1, 2008:Theme Park Project 177 days Mon 4/14/08 Tue 12/16/08 Site Layout & Site Grading 10 days Mon 4/14/08 Fri 4/25/08 Architect Footings & Foundations 55 days Mon 4/28/08 Fri 7/11/08 2 Builder,Foundations Materials[0] Masonry 60 days Mon 5/19/08 Fri 8/8/08 3SS+15d Builder,Concrete[0] Frames, Columns and Beams 40 days Mon 6/9/08 Fri 8/1/08 4SS+15d Builder,Frames Columns and Beams[0] Joists & Roof Deck 33.37 days Mon 8/4/08 Thu 9/18/08 5 Builder,Lumber and Steel[0]

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Slab on Grade 35 days Mon 7/14/08 Fri 8/29/08 3 Builder,Slab Concrete[0] Rough Carpentry 35 days Mon 9/1/08 Fri 10/17/08 7 Builder Interior Studs 20 days Mon 9/1/08 Fri 9/26/08 7 Builder Interior Drywall 30 days Mon 9/29/08 Fri 11/7/08 9,6 Builder,Drywall[0] Painting 35 days Mon 10/13/08 Fri 11/28/08 10FS-20d Painter Elevator 38.22 days Mon 9/1/08 Thu 10/23/08 7 Builder,Elevator[1] Doors 5 days Mon 10/20/08 Fri 10/24/08 8 Builder,Doors[0] Custom Theme Painting 15 days Mon 10/20/08 Fri 11/7/08 11SS+5d Painter Flooring 15 days Mon 11/3/08 Fri 11/21/08 10FS-5d Builder 1,Flooring[0] Finish Carpentry 15 days Mon 11/3/08 Fri 11/21/08 10FS-5d Builder 2 Bathroom Compartments/Accessories 3 days Mon 11/24/08 Wed 11/26/08 16 Builder Plumbing 85 days Mon 7/28/08 Fri 11/21/08 Hangers & Supports 40.15 days Mon 7/28/08 Thu 10/2/08 3FS+10d Hangers & Supports Plumbing[1],Plumber Pipes & Fittings 40 days Mon 9/22/08 Fri 11/14/08 19 Pipes & Fittings[0],Plumber Test 5 days Mon 11/17/08 Fri 11/21/08 20 Plumber HVAC 95 days Mon 7/28/08 Fri 12/5/08 Stacks & Vents 30 days Mon 7/28/08 Fri 9/5/08 3FS+10d Stacks & Vents[0],Steamfitter Hangers & Supports 38.22 days Mon 9/8/08 Thu 10/30/08 23 Hangers & Supports Plumbing[1],Steamfitter Ductwork & Piping 30 days Mon 10/20/08 Fri 11/28/08 24 Ductwork & Piping[0],Steamfitter Test 5 days Mon 12/1/08 Fri 12/5/08 25 Steamfitter Electrical 95 days Mon 7/28/08 Fri 12/5/08 Boxes 25 days Mon 7/28/08 Fri 8/29/08 3FS+10d Boxes [0],Electrician Conduit 33.22 days Mon 9/1/08 Thu 10/16/08 28 Conduit[1],Electrician Wiring Devices/Switches / Receptacles 20 days Mon 10/6/08 Fri 10/31/08 29 Electrician,Wiring Devices/Switches/ Receptacles[0] Light Fixtures 20 days Mon 11/3/08 Fri 11/28/08 30 Electrician,Light Fixtures[0] Test 5 days Mon 12/1/08 Fri 12/5/08 31 Electrician Mechanicals Complete 1 day Mon 12/8/08 Mon 12/8/08 21,26,32 Attraction Install and Training 69 days Tue 9/9/08 Fri 12/12/08 Ferris Wheel 40 days Mon 9/29/08 Fri 11/21/08 Ferris Wheel to ship 3 days Mon 9/29/08 Wed 10/1/08 Ferris Wheel[0],FW Supplier Ferris Wheel Legs & Fan install 6 days Thu 10/2/08 Thu 10/9/08 36,7 FW Supplier Ferris Wheel gondola install 6 days Fri 10/10/08 Fri 10/17/08 37 FW Supplier Ferris Wheel MEP install 6 days Mon 10/20/08 Mon 10/27/08 38 FW Supplier Ferris wheel platform design2 days Tue 10/28/08 Wed 10/29/08 39 FW Supplier Ferris Wheel Platform 6 days Thu 10/30/08 Thu 11/6/08 40 FW Supplier Ferris Wheel Railing 6 days Fri 11/7/08 Fri 11/14/08 41 FW Supplier Ferris Wheel Turnstile 3 days Mon 11/17/08 Wed 11/19/08 42 FW Supplier Ferris Wheel training 1 day Thu 11/20/08 Thu 11/20/08 43 FW Supplier Ferris Wheel Certification 1 day Fri 11/21/08 Fri 11/21/08 44 FW Supplier Ropes course install & training 38.22 days Mon 9/1/08 Thu 10/23/08 7 Ride Supplier,Ropes Course[1]

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Climbing wall install & training 13.37 days Mon 9/1/08 Thu 9/18/08 7 Climbing wall[0],Ride Supplier Carousel install & training 19.37 days Mon 9/1/08 Fri 9/26/08 7 Carousel [0], Ride Supplier Bowling install & training 48.22 days Mon 9/1/08 Thu 11/6/08 7 Bowling [1], Ride Supplier Go Cart install & training 53.22 days Mon 9/1/08 Thu 11/13/08 7 Go Cart [1], Ride Supplier Mini Golf install & training 15.15 days Mon 9/1/08 Thu 10/2/08 7 Mini Golf [1], Ride Supplier Attraction install and training complete 1 day Mon 11/24/08 Mon 11/24/08 45,46,47,48,49,50,51 Furniture Installation 5 days Mon 12/8/08 Fri 12/12/08 Builder 3, Furniture [0] System and Security Training 3 days Tue 11/25/08 Thu 11/27/08 52 Builder 4 Final Walkthrough 4 days Mon 12/15/08 Thu 12/18/08 12, 14,15,16,17,52,53,54 Builder, Customer Grand Opening 0 days Fri 12/19/08 Fri 12/19/08 55 Customer,Grand Opening Entertainment[0]

Performance Analysis As of October 1, 2008 the project is at 40% completion, and we can see the project is behind schedule to open on time. The Schedule Variance of the entire project is ($736,559), and the Schedule Performance Index is at 0.68. The SPI indicates that we are only getting $0.68 worth of work per $1.00 spent. The cost table below shows that the project appears to be on budget. MS Project predicts that the Budget at Completion is $4,846,675 and that is a bit less than the planned budget of $4,486,920. Cost overruns may occur in the future if there are schedule delays which will modify the projects Budget at Completion, making it over budget. Performance Analysis (Cost) |Task Name Cost Variance| Cost performance | Estimate at | Baseline cost | |CV) |Index (CPI) |Completion (EAC) |(BAC) || (EV-AC) | (EV/AC) | | | |1 |Theme Park Project |80 |1.00 |4,846,674 |4,846,920 | |1.1 |Site Layout & Site Grading || 1.00 |10,000 |10,000 | |1.2 |Footings & Foundations | | 1.00 |103,600 | 103,600 | |1.3 |Masonry || 1.00 | 281,200 | 281,200 | |1.4 |Frames, Columns and Beams || 1.00 | 370,800 | 370,800 | |1.5 |Joists & Roof Deck | 32 | 1.00 | 515,520 | 515,600 | |1.6 |Slab on Grade || 1.00 | 218,200 | 218,200 | |1.7 |Rough Carpentry |6 | 1.00 | 103,184 |

Running Header: Indoor Theme Park Project 103,200 | |1.8 |Interior Studs || 1.00 | 10,400 | 10,400 | |1.9 |Interior Drywall ||| 65,600 | 65,600 | |1.10 |Painting ||| 66,000 | 66,000 | |1.11 |Elevator |8 | 1.00 | 135,579 | 135,600 | |1.12 |Doors ||| 47,600 | 47,600 | |1.13 |Custom Theme Painting ||| 24,000 | 24,000 | |1.14 |Flooring ||| 85,200 | 85,200 | |1.15 |Finish Carpentry ||| 10,200 | 10,200 | |1.16 |Bathroom Compartments/Acc. ||| 1,560 | 1,560 | |1.17 |Plumbing |3 | 1.00 | 186,991 | 187,000 | |1.18 |HVAC |3 | 1.00 | 264,993 | 265,000 | |1.19 |Electrical |5 | 1.00 | 195,782 | 195,800 | |1.20 |Mechanicals Complete ||| | | |1.21 |Attraction Install and Training 23 | 1.00 |1,943,795 | 1,944,400 | |1.22 |Furniture Installation ||| 153,400 | 153,400 | |1.23 |System and Security Training ||| 2,040 | 2,040 | |1.24 |Final Walkthrough ||| 520 |520 | |1.25 |Grand Opening ||| 50,000 | 50,000 |

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Tasks

Earned Value Planned Value AC

The Schedule Performance for the project shows that there are some tasks behind schedule. A few of the tasks are complete, but many are delayed which will trigger further delays because the dependent tasks will be delayed if the earlier tasks are not completed on time. Below is a snapshot from MS Project that presents the critical activities which are not behind schedule. Because of this it is generally safe to assume that the project will complete on time.

4500000 4000000

Running Header: Indoor Theme Park Project

Performance Analysis (Schedule) |Task Name | Planned Value | Earned Value | Schedule Variance| Scheduled Perf. | | |(PV) |(EV) |(SV) |Index (SPI) | | | | |(EV-PV) | (EV/PV) | |1 |Theme Park Project | 2,323,324 |1,586,725 | (736,599) | 0.68 | |1.1 |Site Layout & Site Grading |10,000| 10,000 | | 1.00 | |1.2 |Footings & Foundations |103,600 | 103,600 | | 1.00 | |1.3 |Masonry | 281,200 | 281,200 | | 1.00 | |1.4 |Frames, Columns and Beams| 370,800| 370,800 | | 1.00 | |1.5 |Joists & Roof Deck| 395,293 | 206,705 | (188,588) | 0.52 | |1.6 |Slab on Grade | 218,200 | 218,200 | | 1.00 | |1.7 |Rough Carpentry |67,817 |35,463 | (32,354) | 0.52 | |1.8 |Interior Studs |10,400 | 6,253 | (4,147) | 0.60 | |1.9 |Interior Drywall | || ||

Running Header: Indoor Theme Park Project |1.10 |Painting | || || |1.11 |Elevator | 103,960 | 54,362 | (49,598) | 0.52 | |1.12 |Doors | || || |1.13 |Custom Theme Painting | || || |1.14 |Flooring | || || |1.15 |Finish Carpentry| || || |1.16 |Bathroom Compartments/Acc.| - | | || |1.17 |Plumbing |90,600 | 62,946 | (27,654) | 0.69 | |1.18 |HVAC | 130,000 | 111,712 | (18,288) | 0.86 | |1.19 |Electrical |77,120 | 50,346 | (26,774) | 0.65 | |1.20 |Mechanicals Complete | || || |1.21 |Attraction Install and Training| 464,333 | 75,138 | (389,196) | 0.16 | |1.22 |Furniture Installation | || || |1.23 |System and Security Training| || || |1.24 |Final Walkthrough | || || |1.25 |Grand Opening | || || Estimate at Completion As mentioned earlier, the critical path activities are not delayed. Some of the tasks that are delayed are displayed in the table below which shows the free slack and the total slacks of the delayed tasks. Task |% |Duration |Start |Finish |Late Start |Late finish |Free Slack |Total Slack |SPI | |Theme Park Project |40% |180 days |04/14/08 |12/19/08 |04/14/08 |12/19/08 |0 days |0 days |0.68 |Joists & Roof Deck |40% |30 days |09/01/08 |10/10/08 |09/01/08 |10/17/08 |0 days |5 days |0.52 | |Rough Carpentry |34% |35 days |09/01/08 | 10/17/08 |09/01/08 |12/12/08 |0 days |40 days |0.52 | |Interior Studs |60% |20 days |09/01/08 |09/26/08 |09/01/08 |10/17/08 |10 days |15 days |0.60 | |Elevator |40% | 30 days |09/01/08 |10/10/08 |09/01/08 |12/17/08 |48 days |48 days |0.52 | | Plumbing |44% |85 days |07/28/08 |11/21/08 |07/28/08 |12/18/08 |19 days |19 days |0.69 | |Hangers & Supports |93% |40 days |07/28/08 |09/19/08 |07/28/08 |

Running Header: Indoor Theme Park Project 10/16/08 |0 days |19 days |0.93 |Pipes & Fittings |0% |40 days |09/22/08 |11/14/08 | 10/17/08 |12/11/08 |0 days |19 days || |HVAC |39% |95 days |07/28/08 |12/05/08 |07/28/08 |12/18/08 |9 days |9 days |0.86 | |Hangers & Supports |23% |30 days |09/08/08 |10/17/08 |09/08/08 |10/30/08 |0 days |9 days |0.39 |Electrical |39% |95 days |07/28/08 |12/05/08 |07/28/08 |12/18/08 |9 days |9 days |0.65 | |Conduit |48% |25 days |09/01/08 |10/03/08 |09/01/08 |10/16/08 |0 days |9 days | 0.52 | |Attraction Install and Training |3% |69 days |09/09/08 |12/12/08 |09/09/08 | 12/12/08 |0 days |0 days |0.16 | |Ferris Wheel |0% |40 days |09/29/08 |11/21/08 |10/17/08 |12/11/08 |14 days |14 days || |Ferris Wheel to ship |0% |3 days |09/29/08 |10/01/08 |10/17/08 |10/21/08 |0 days | 14 days || |Ropes course install & Training |20% |30 days |09/09/08 |10/20/08 | 09/09/08 |12/11/08 |38 days |38 days |0.35 | The project is performing behind schedule but the MS Project projects the EAC (Estimate at Completion) as $4,846,674. Control Plan The tasks listed below are at most risk in the control plan: 1.17.2 Pipes & Fittings This task has an estimated duration of 40 days and has not even started as of October 1, 2008. The total slack for this task is 19 days. The control plan is to make sure the task starts right away and I am going to bring in additional plumbers to ensure the task is completed on time. 1.18.2 Hangers & Supports The duration of this task is 30 days, and the total slack is 9 days. I will bring in an additional steamfitter to make sure this task completes on time. 1.19.2 Conduit The task duration is 25 days with a total slack of 9 days.

Revised Estimate at Completion By adding resources the tasks will now be more expensive as follows:
New Completion Date 11/14/2008 10/17/2008 10/3/2008

Task 1.17.2 1.18.2 1.19.2

Pipes & Fittings Hangers & Supports Conduit

Revised Cost $161,000 $72,974.58 $69,303.87

Schedule 2

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The revised schedule looks very similar to the original since the critical path tasks did not change.
Theme Park Project 180 days Mon 4/14/08 Fri 12/19/08 40% Site Layout & Site Grading 10 days Mon 4/14/08 Fri 4/25/08 Architect 100% Footings & Foundations 55 days Mon 4/28/08 Fri 7/11/08 2 Builder,Foundations Materials[0] 99% Masonry 60 days Mon 5/19/08 Fri 8/8/08 3SS+15d Builder,Concrete[0] 99% Frames, Columns and Beams 40 days Mon 6/9/08 Fri 8/1/08 4SS+15d Builder,Frames Columns and Beams[0] 99% Joists & Roof Deck 33.37 days Mon 8/4/08 Thu 9/18/08 5 Builder,Lumber and Steel[0] 86% Slab on Grade 35 days Mon 7/14/08 Fri 8/29/08 3 Builder,Slab Concrete[0] 99% Rough Carpentry 35 days Mon 9/1/08 Fri 10/17/08 7 Builder24% Interior Studs 20 days Mon 9/1/08 Fri 9/26/08 7 Builder43% Interior Drywall 30 days Mon 9/29/08 Fri 11/7/08 9,6 Builder,Drywall[0] 0% Painting 35 days Mon 10/13/08 Fri 11/28/08 10FS-20d Painter0% Elevator 38.22 days Mon 9/1/08 Thu 10/23/08 7 Builder,Elevator[1] 22% Doors 5 days Mon 10/20/08 Fri 10/24/08 8 Builder,Doors[0] 0% Custom Theme Painting 15 days Mon 10/20/08 Fri 11/7/08 11SS+5d Painter 0% Flooring 15 days Mon 11/3/08 Fri 11/21/08 10FS-5d Builder 1,Flooring[0] 0% Finish Carpentry 15 days Mon 11/3/08 Fri 11/21/08 10FS-5d Builder 2 0% Bathroom Compartments/Accessories 3 days Mon 11/24/08 Wed 11/26/08 16 Builder 0% Plumbing 85 days Mon 7/28/08 Fri 11/21/08 38% Hangers & Supports 51.93 days Mon 7/28/08 Fri 10/17/08 3FS+10d Hangers & Supports Plumbing[1],Plumber 65% Pipes & Fittings 31.78 days Thu 10/2/08 Fri 11/14/08 19 Pipes & Fittings[0],Plumber 0% Test 5 days Mon 11/17/08 Fri 11/21/08 20 Plumber 0% HVAC 95 days Mon 7/28/08 Fri 12/5/08 35% Stacks & Vents 30 days Mon 7/28/08 Fri 9/5/08 3FS+10d Stacks & Vents[0],Steamfitter 99% Hangers & Supports 30 days Mon 9/8/08 Fri 10/17/08 23 Hangers & Supports Plumbing[0.59],Steamfitter 12% Ductwork & Piping 30 days Thu 10/30/08 Thu 12/11/08 24 Ductwork & Piping[0],Steamfitter 0% Test 5 days Mon 12/1/08 Fri 12/5/08 25 Steamfitter 0% Electrical 95 days Mon 7/28/08 Fri 12/5/08 35% Boxes 25 days Mon 7/28/08 Fri 8/29/08 3FS+10d Boxes [0],Electrician 99% Conduit 25 days Mon 9/1/08 Fri 10/3/08 28 Conduit[0.19],Electrician 34% Wiring Devices/Switches / Receptacles 20 days Thu 10/16/08 Thu 11/13/08 29 Electrician,Wiring Devices/Switches/ Receptacles[0] 0% Light Fixtures 20 days Mon 11/3/08 Fri 11/28/08 30 Electrician,Light Fixtures[0] 0% Test 5 days Mon 12/1/08 Fri 12/5/08 31 Electrician 0%

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Mechanicals Complete 1 day Mon 12/8/08 Mon 12/8/08 21,26,32 0% Attraction Install and Training 69 days Tue 9/9/08 Fri 12/12/08 19% Ferris Wheel 40 days Mon 9/29/08 Fri 11/21/08 0% Ferris Wheel to ship 3 days Mon 9/29/08 Wed 10/1/08 Ferris Wheel[0],FW Supplier 0% Ferris Wheel Legs & Fan install 6 days Thu 10/2/08 Thu 10/9/08 36,7 FW Supplier 0% Ferris Wheel gondola install 6 days Fri 10/10/08 Fri 10/17/08 37 FW Supplier 0% Ferris Wheel MEP install 6 days Mon 10/20/08 Mon 10/27/08 38 FW Supplier 0% Ferris wheel platform design2 days Tue 10/28/08 Wed 10/29/08 39 FW Supplier 0% Ferris Wheel Platform 6 days Thu 10/30/08 Thu 11/6/08 40 FW Supplier 0% Ferris Wheel Railing 6 days Fri 11/7/08 Fri 11/14/08 41 FW Supplier 0% Ferris Wheel Turnstile 3 days Mon 11/17/08 Wed 11/19/08 42 FW Supplier 0% Ferris Wheel training 1 day Thu 11/20/08 Thu 11/20/08 43 FW Supplier 0% Ferris Wheel Certification 1 day Fri 11/21/08 Fri 11/21/08 44 FW Supplier 0% Ropes course install & training 38.22 days Mon 9/1/08 Thu 10/23/08 7 Ride Supplier,Ropes Course[1] 22% Climbing wall install & training 13.37 days Mon 9/1/08 Thu 9/18/08 7 Climbing wall[0],Ride Supplier 64% Carousel install & training 19.37 days Mon 9/1/08 Fri 9/26/08 7 Carousel[0],Ride Supplier 44% Bowling install & training 48.22 days Mon 9/1/08 Thu 11/6/08 7 Bowling[1],Ride Supplier 18% Go Cart install & training 53.22 days Mon 9/1/08 Thu 11/13/08 7 Go Cart[1],Ride Supplier 16% Mini Golf install & training 15.15 days Mon 9/1/08 Thu 10/2/08 7 Mini Golf[1],Ride Supplier 57% Attraction install and training complete 1 day Mon 11/24/08 Mon 11/24/08 45,46,47,48,49,50,51 0% Furniture Installation 5 days Mon 12/8/08 Fri 12/12/08 Builder 3,Furniture[0] 0% System and Security Training 3 days Tue 11/25/08 Thu 11/27/08 52 Builder 4 0% Final Walkthrough 1 day Mon 12/15/08 Mon 12/15/08 12,14,15,16,17,52,53,54 Builder,Customer 0% Grand Opening 4 days Tue 12/16/08 Fri 12/19/08 55 Customer,Grand Opening Entertainment[0] 0%

Conclusion The indoor theme park was in danger of falling behind schedule but with a few adjustments it is now back on schedule and will be ready for the grand opening on December 19, 2008. Production should proceed as planned and the indoor theme park project will be a success!

References: 1) Project Management for Business, Engineering, and Technology; Principles and Practice 3rd Edition Nicholas, Steyn and Butterworth-Heinemann

Running Header: Indoor Theme Park Project 2) Earned Value Project Management 4th Edition Fleming and Koppelman