Budget With Earned Value for Feb
-
Upload
anthonyconnor -
Category
Documents
-
view
217 -
download
0
Transcript of Budget With Earned Value for Feb
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 1/21
Project Milestone Review Purpose of Review Reviewers
Plans Make sure we have the plans for bidsand permits
Michelle &Bryne
Get bids from suppliers for windows, cabinetsappliances, plumbing fixtures, lighting fixtures,flooring, doors
Make sure suppliers can meet ourtimelines.
Michelle
Permits & Plans Make sure we have the permits to dothe remodel and garage
Michelle
Make downpayments on supplies - custom windows,cabinets
Make sure we can get supplies whenwe need them
Michelle
Phase I and 2 Demolition Make sure the house is ready for theremodel
Mark
Reroof the house Make sure the roof is done Mark
Frame walls, install windows and french doors Make sure the framing is done for the
remodel
Mark
HVAC basement bedroom Make sure we have the HVAC donebefore we frame or rock for bedroom
Mark
Upgrade Electrical Service Make sure we have the electrical powerwe need for the house
Bryne
Side new sections of house Make sure house is ready for painting Bryne
Paint exterior of house Make sure house looks good on theoutside
Bryne
Rough in Electrical with smart wiring and fixtures Bring electrical system up to code Bryne
Put in new septic tank Make sure it works BryneRough in Plumbing Make sure we have the plumbing for
fixtures
Bryne
Insulation Make sure we have pipes wire wrappedand walls insulated
Bryne
Sheet rock Make sure we have the walls ready forpainting
Bryne
Interior Paint Make sure we have walls ready for
flooring
Bryne
Install lighting fixtures Make sure lighting worksInstall cabinets Make sure appliances fit with cabinets Mark
Install appliances Make sure all appliances work Mark
Install counter tops Make sure it all fits MarkInstall plumbing fixtures Make sure fixtures work Mark
Do finish work with trim, built in book shelves. Make sure the built ins are done to
code
Mark
Install flooring Make sure we get the flooring wespec’d out.
Mark
Final inspection Make sure we are ready to move ourstuff in
Michelle &Bryne
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 2/21
Total Cost
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 3/21
Approval to
Move
Forward
Date of Review Estimated
Percent
Complete
External
material
Costs
Estimate
Confidence
Rating
Low Cost Avg. Cost High
Cost
Michelle &Bryne
15/02/2007 2%200 0.9 180 200 220
Michelle 01/03/2007 5%
0
Michelle 15/03/2007 7%10000 0.5 5000 10000 15000
Michelle 16/03/2007 10%5000 0.5 2500 5000 7500
Michelle 01/04/2007 12%1000 0.5 500 1000 1500
Michelle 01/04/2007 15% 5000 0.75 3750 5000 6250
Bryne 07/04/2007 25%20000 0.75 15000 20000 25000
Bryne 07/04/2007 26%1500 0.5 750 1500 2250
Bryne 07/04/2007 28%1000 0.5 500 1000 1500
Bryne 07/04/2006 32%1000 0.5 500 1000 1500
Bryne 15/04/2006 35%10000 0.5 5000 10000 15000
Bryne 15/04/2007 40% 1000 0.5 500 1000 1500
Bryne 15/04/2007 42% 1000 0.5 500 1000 1500
Bryne 01/05/2007 45%
1000 0.5 500 1000 1500
Bryne 05/05/2007 47%1000 0.5 500 1000 1500
bryne 19/05/2007 55%2000 0.5 1000 2000 3000
Bryne 21/05/2007 65%1000 0.5 500 1000 1500
68% 3000 0.5 1500 3000 4500
Mark 24/05/2007 75%10000 0.5 5000 10000 15000
Mark 26/05/2007 77% 15000 0.5 7500 15000 22500
Mark 26/05/2007 79% 6000 0.5 3000 6000 9000Mark 30/05/2007 85% 12000 0.5 6000 12000 18000
Mark 15/06/2007 95%1000 0.5 500 1000 1500
Mark 01/07/2007 99%4000 0.5 2000 4000 6000
Michelle &Bryne
01/07/2007 100%500 0.5 250 500 750
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 4/21
113200 62930 113200 163470
Internal 113200 62930 113200 163470External 83270 51055 83270 115665
Total 196470 113985 196470 279135
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 5/21
External
Labor
Cost
Estimate
Confidence
Rating
Low Cost Avg. Cost High
Cost
7000 0.9 6300 7000 7700
4160 0.75 750 4160 5200
12000 0.75 3750 12000 15000
9600 0.75 15000 9600 12000
200 0.5 100 200 300
2000 0.5 1000 2000 3000
2000 0.5 1000 2000 3000
10000 0.5 5000 10000 150002000 0.5 1000 2000 3000
2000 0.5 1000 2000 3000
2000 0.5 1000 2000 3000
2000 0.5 1000 2000 3000
2560 0.5 1280 2560 3840
5000 0.5 2500 5000 7500750 0.5 375 750 1125
1000 0.5 500 1000 15001000 0.5 500 1000 1500
1000 0.5 500 1000 15001000 0.5 500 1000 1500
10000 0.5 5000 10000 15000
6000 0.5 3000 6000 9000
0 0.5 0 0 0
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 6/21
83270 51055 83270 115665
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 7/21
Project
Milestone
Review
Purpose
of Review
Reviewers Approval
to Move
Forward
Date of
Review
Estimated
Percent
Complete
External
material
Costs
Estimate
Confidence
Rating
Plans Make surewe havethe plans
for bidsandpermits
Michelle &Bryne
Michelle &Bryne
######## 2%
200 0.9
Get bids fromsuppliers forwindows,
cabinetsappliances,plumbing fixtures,lighting fixtures,flooring, doors
Make suresupplierscan meet
ourtimelines.
Michelle Michelle ######## 5%
0
Feb200
Permits & Plans Make surewe havethepermits todo theremodeland
garage
Michelle Michelle ######## 7%
10000 0.5
Makedownpaymentson supplies -
custom windows,cabinets
Make surewe canget
supplieswhen weneedthem
Michelle Michelle ######## 10%
5000 0.5
Phase I and 2Demolition
Make surethe houseis ready
for theremodel
Mark Michelle ######## 12%
1000 0.5
Reroof the house Make surethe roof is
done
Mark Michelle ######## 15%
5000 0.75
March 21000Frame walls,install windowsand french doors
Make suretheframing is
done fortheremodel
Mark Bryne ######## 25%
20000 0.75
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 8/21
HVAC basement
bedroom
Make sure
we havethe HVACdonebefore weframe orrock for
bedroom
Mark Bryne ######## 26%
1500 0.5
UpgradeElectrical Service
Make surewe havetheelectricalpower we
need forthe house
Bryne Bryne ######## 28%
1000 0.5
Side newsections of house
Make surehouse is
ready forpainting
Bryne Bryne ######## 32%
1000 0.5Paint exterior ofhouse
Make surehouselooksgood on
theoutside
Bryne Bryne ######## 35%
10000 0.5
Rough inElectrical withsmart wiring and
fixtures
Bringelectricalsystem up
to code
Bryne Bryne ######## 40%
1000 0.5
Put in new septic
tank
Make sure
it works
Bryne Bryne ######## 42%
1000 0.5
Rough inPlumbing
Make surewe havetheplumbingfor fixtures
Bryne Bryne ######## 45%
1000 0.5
36500
Insulation Make surewe havepipes wirewrappedand wallsinsulated
Bryne Bryne ######## 47%
1000 0.5
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 9/21
Sheet rock Make sure
we havethe wallsready forpainting
Bryne bryne ######## 55%
2000 0.5
Interior Paint Make sure
we havewallsready forflooring
Bryne Bryne ######## 65%
1000 0.5
Install lightingfixtures
Make surelightingworks
68%
3000 0.5
Install cabinets Make sure
appliances fit withcabinets
Mark Mark ######## 75%
10000 0.5Install appliances Make sureallappliance
s work
Mark Mark ######## 77%
15000 0.5
Install countertops
Make sureit all fits
Mark Mark ######## 79%
6000 0.5
Install plumbingfixtures
Make surefixtureswork
Mark Mark ######## 85%
12000 0.550000
Do finish work
with trim, built inbook shelves.
Make sure
the builtins are
done tocode
Mark Mark ######## 95%
1000 0.5
Install flooring Make surewe get theflooringwe spec’d
out.
Mark Mark ######## 99%
4000 0.5
Final inspection Make surewe areready to
move ourstuff in
Michelle &Bryne
Michelle &Bryne
######## 100%
500 0.55500
220900
Total Cost Internal 220900External 136230
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 10/21
Total 357130
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 11/21
Low Cost Avg. Cost High
Cost
External
Labor
Cost
Estimate
Confiden
ce Rating
Low Cost Avg. Cost High
Cost
Total
Cost
180 200 220 7000 0.9 6300 7000 7700 0
180 200 220 7000 6300 7000 7700 7200
5000 10000 15000
2500 5000 7500
500 1000 1500 4160 0.75 750 4160 5200
3750 5000 6250 12000 0.75 3750 12000 15000
11750 21000 30250 16160 4500 16160 20200 37160
15000 20000 25000 9600 0.75 15000 9600 12000
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 12/21
750 1500 2250 200 0.5 100 200 300
500 1000 1500 2000 0.5 1000 2000 3000
500 1000 1500 2000 0.5 1000 2000 3000
5000 10000 15000 10000 0.5 5000 10000 15000
500 1000 1500 2000 0.5 1000 2000 3000
500 1000 1500 2000 0.5 1000 2000 3000
500 1000 1500 2000 0.5 1000 2000 3000
23250 36500 49750 29800 25100 29800 42300 66300
500 1000 1500 2000 0.5 1000 2000 3000
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 13/21
1000 2000 3000 2560 0.5 1280 2560 3840
500 1000 1500 5000 0.5 2500 5000 7500
1500 3000 4500 750 0.5 375 750 1125
5000 10000 15000 1000 0.5 500 1000 1500
7500 15000 22500 1000 0.5 500 1000 1500
3000 6000 9000 1000 0.5 500 1000 1500
6000 12000 18000 1000 0.5 500 1000 150025000 50000 75000 7155 14310 21465 50000
500 1000 1500 10000 0.5 5000 10000 15000
2000 4000 6000 6000 0.5 3000 6000 9000
250 500 750 0 0.5 0 0 02750 5500 8250 8000 16000 24000 5500
123110 220900 318690 136230 94110 150540 207330
123110 220900 31869094110 150540 207330
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 14/21
217220 371440 526020
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 15/21
Low Avg High
0 6480 7200 7920
6480 7200 7920
16250 37160 50450
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 16/21
48350 66300 92050
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 17/21
32155 64310 96465
10750 21500 32250
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 18/21
Data input Calculated Data input Calculated Data Input Data Input
Interim Deliverable
Min Time
Scheduled
(hours)
Cost
Budgeted
Labor
Cost
Budgeted
(equipment) BAC
Work
Planned to
Date
(hours)
Percent
complete
Example 6.5 292.5 $937.50 $1,230.00 3.25 80.00%
Plans 60 9000 $450.00 $9,450.00 45 50.00%
Demolition 0 $2,000.00 100.00%
Crawl Space Door 0 0 $800.00 100.00%
Pest Control 500 100.00%
Totals 60 9000 450 12750 45 100
NotePlanned for This MonthPlanned for Next MonthPlanned but didn't think we'd need it for this project
The architect did the work but billed us in March for the work in February. Since we are doing acash based accounting, the bill for that work will show up in March. The bill we paid for thiswork is for 50% of the work.This shows we are pretty close to our budget for feb, and we are a little behind schedule - butmostly that is because of the way we are doing the accounting for the project with the architect.The actual budget for Feb was $7200. We spent $7350 for the project - we had 2800 ofexpenses that were scheduled from March but moved to Feb. And we had a $500k pestremoval fee we didn't anticipate.For March, we have to add in another 5k for Plans. It is going inthe permit milestone. It changes cash flow estimate for March from 31.9k to 35.9k. Howeverwe still do not know the permit fee from the county so it is likely going to be less.
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 19/21
Data Input Data In data input Data Input Calculation Calculation Calculation Calculatio CalculatActual
Time
Spent on
Tasks
(hours)
Actual
Cost
Equip.
Remaining
Equip.
costs
Labor
Rate
Actual Cost -
labor +
equipment
Earned
Value
Planned
Value CPI SPI
5 750 0 45 $975.00 $984.00 $896.25 1.01 1.10
24 450 0 150 $4,050.00 $4,725.00 $7,200.00 1.17 0.662000 0 $2,000.00 $2,000.00 $2,000.00 1.00 1.00800 0 $800.00 $800.00 $800.00 1.00 1.00500 $500.00 $500.00 $500.00 1.00 1.00
24 3750 0 150 7350 8025 10500 1.09 0.76
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 20/21
Calculation Calculation Input Input Calculation
Estimated
cost at
project
Completion
Estimated
Time for
Completion
(days)
Number of
Resources
Business
Days
Worked
Business
Days to
Completion
$1,218.75 0.74
$11,677.57 9.81
8/2/2019 Budget With Earned Value for Feb
http://slidepdf.com/reader/full/budget-with-earned-value-for-feb 21/21
Cash Flow SummaryLow Average High PERT
February 6480 7200 7920 7,200March 16250 37160 50450 35,890April 48350 66300 92050 67,600May 32155 64310 96465 64,310June 10750 21500 32250 21,500
113985 196470 279135 196,500