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Transcript

The EVM Escape

start

Project Phantom

You're trapped in the haunted Blackwood Mansion, a spooky old house under renovation. The ghost of a failed project manager roams the halls, seeking revenge on those who mismanage projects. To escape, you and your team must use your EVM (Earned Value Management) skills to solve puzzles and unlock the mansion's secrets. Can you master the eerie challenges and prove your project management skills, or will you become the ghost's next victim?

Introduction

Explore the house

Inventory

It's closed...

It's too dark...

Open inventory...

The renovation project of Blackwood Mansion has an original planned budget of $300,000 and was scheduled to be completed in 12 months. However, due to the haunting, the project is now halfway through, and only 40% of the work has been completed. The actual cost incurred so far is $180,000.What is the Cost Performance Index (CPI), and what does it indicate about the project's financial health?

01

CPI = 0.80 The project is slightly over budget but manageable.

CPI = 0.67 The project is over budget and performing poorly.

CPI = 1.33 The project is under budget and performing well.

The Blackwood Mansion renovation project was divided into three main phases:Phase 1: Structural Repairs (Planned Budget: £ 80,000)Phase 2: Interior Renovations (Planned Budget: £ 120,000)Phase 3: Exterior Work (Planned Budget: £ 50,000)The total planned budget (BAC) is £ 250,000, and the project was to be completed in 10 months. At the 7-month mark, the project is 60% complete, but the actual cost incurred so far is £ 180,000.Here’s the breakdown of the work completed and costs incurred so far:Phase 1: 100% complete, Actual Cost = £ 80,000Phase 2: 50% complete, Actual Cost = £ 60,000Phase 3: 0% complete, Actual Cost = £ 40,000Based on the current Cost Performance Index (CPI), what is the Estimate at Completion (EAC) for the entire renovation project?

EAC = £ 310,000 The project is expected to exceed the budget significantly.

02

EAC =£ 290,000 The project is expected to go over budget but not excessively.

EAC = £ 270,000 The project is expected to finish slightly over budget.

The ghost unveils a project schedule with the following activities on the critical path:Activity A: 10 daysActivity B: 15 daysActivity C: 20 daysThe project’s Earned Value (EV) at the end of Month 2 is £ 80,000 with a Planned Value (PV) of £ 100,000. The Actual Cost (AC) is £ 90,000. The ghost asks, "Given the current EV and PV, what is the remaining duration of the critical path if the project is running on schedule?"

40 days

03

35 days

20 days

In Primavera P6, you’re evaluating a project with the following details:Budget at Completion (BAC): £ 500,000Earned Value (EV): £ 200,000Actual Cost (AC): £ 250,000You need to estimate the cost to complete the remaining work using three different methods:Pessimistic: £ 250,000Optimistic: £ 100,000Most Likely: £ 150,000Given these estimates, which of the following statements is correct about the project’s future cost predictions?

The project is expected to be completed with costs less than the initial BAC based on the optimistic scenario

The project will likely exceed the BAC based on the pessimistic scenario.

The optimistic scenario indicates that the project will finish on budget but with significant delays.

04

It's not correct...

Find the key to continue

Continue exploring the house

Inventory

It's too dark...

Inventario abierto...

EV: £ 60,000AC: £ 70,000What is the Cost Variance (CV)

£ 10,000

£ 20,000

01

-£ 10,000

-£ 20,000

02

Savings and fewer ghosts.

Increased future costs.

An increase in project scope.

A project ahead of schedule.

BAC: £ 200,000EV: £ 80,000AC: £ 100,000

03

DV = 5 days; Project is under budget.

DV = 5 days; Project is ahead of schedule.

DV = -5 days; Project is over budget.

DV = -5 days; Project is behind schedule

Planned Duration: 25 daysActual Duration: 30 daysEarned Value (EV): £ 60,000Planned Value (PV): £ 70,000What is the Duration Variance (DV) and how does it relate to project performance?

04

DV = -5 days; Need Cost Performance Index (CPI).

DV = +5 days; Need Schedule Performance Index (SPI).

DV = +5 days; Need Estimate to Complete (ETC)

DV = -5 days; Need Estimate at Completion (EAC)

Planned Duration: 20 daysActual Duration: 25 daysEarned Value (EV): £ 50,000Planned Value (PV): £ 45,000What is the Duration Variance (DV) and what additional EVM metric is needed to check if the project is over budget?

You found asecret message

♪♬ø

Remember these notes and play them on the piano in the correct order

ø

01

...Keep playing

ø

02

...One more

ø

03

Try again...

You found a new item for your inventory

Inventory

♪♬ø

Continue exploring the house

Inventario abierto...

Use the magnifying glass to find the code and then insert it into the typewriter.

224

Someone is there!

Why is Earned Value Management (EVM) crucial for projects?

01

It predicts when the project will finish.

It helps detect issues early, preventing budget and schedule overruns.

It makes project reports look more colorful

Which activities are crucial for effective project controlling?

02

Planning, monitoring, adjusting, and reporting performance.

Setting goals, team meetings, and budget reviews.

Client feedback, risk assessment, and scope definition.

Which % progress type in Primavera P6 should you use to track progress based on earned value metrics?

Duration

Performance

Unit

03

A briefcase appeared...

congratulations

You've unlocked all the ghost's memories! By mastering EVM and solving every puzzle, you've helped the restless spirit find peace. Now, with the ghost finally at rest, the doors of Blackwood Mansion swing open, and you and your team can escape the haunted house, victorious and unscathed!

You will lose all the progress so far...

Sure you wantto go out?

Exit

Back

Inventory

Inventory

♪♬ø

Inventory

♪♬ø

Inventory

♪♬ø

Inventory

Oh, no. Fallaste...