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Cp-3 Indoor Theme Park

In: Other Topics

Submitted By amandasbell
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Pages 16
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, 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

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