Read through the Tree Trimming Project case. This case refers tothe earned value (EV) of the owner, Will Fence’s Tree Trimmingbusiness. Will briefly describes his techniques for EV. Based onthe description provided in the case, is Will using EV? Answer thecorresponding question provided at the end of the case (300-500words). Use references from the reading materials to support yourresponse.
Case is below
Tree Trimming Project Wil Fence is a large timber and Christmastree farmer who is attending a project management class in thefall, his off season. When the class topic came to earned value, hewas perplexed. Isn’t he using EV? Each summer Wil hires crews toshear fields of Christmas trees for the coming Holiday season.Shearing entails having a worker use a large machete to shear thebranches of the tree into a nice, cone shaped tree. Will describeshis business as follows: A. I count the number of Douglas FirChristmas trees in the field (24,000). B. Next, I agree on acontract lump sum for shearing with a crew boss for the whole field($30,000). C. When partial payment for work completed arrives (5days later), I count or estimate the actual number sheared (6,000trees). I take the actual as a percent of the total to be sheared,multiply the percent complete by total contract amount for thepartial payment [(6,000/$30,000 5 25%), (.25 3 $30,000 5 $7500)].Answer the corresponding question provided below with (300-500words) 1. Is Wil over, on, or below cost and schedule? Is Wil usingearned value? 2. How can Wil set up a scheduling variance?
