Figure 9.2 work package represents a more complicated scenario. What was the cost and schedule status as
Question:
Figure 9.2 work package represents a more complicated scenario. What was the cost and schedule status as of days two, four, and six? Was the foreman ahead or behind schedule and by how much, and was he or she over or under budget, and by how much?
Transcribed Image Text:
Work Days: Estimated Hours/Day Cumulative Hours Actual Hours/Day Cumulative Hours Earned Hours/Day Cumulative Hours Man-hours: 400 360 300 240 180 120 60 0 1 NN 28. 32 32 22 22 32 32 2 32 64 30 52 40 72 3 32 96 2 30 82 40 112 Earned: 3 4 32 128 30 112 0 112 5 32 160 30 142 0 112 Actual: 6 34 194 5 30 172 0 112 7 34 228 Earned Value Curve Guest Room Appliances 6 Days 30 202 60 172 Earned 7 8 34 262 30 232 60 232 9 32 294 8 Estimated/Planned: 10 32 326 9 10 11 32 358 11 Simple Analysis: Cost: On day eight, the foreman had spent 232 hours, and also earned 232, therefore he was right on budget. This is the vertical measurement between the actual and earned curves. Schedule: On day eight, the foreman had earned 232 hours but was scheduled to have done so approximately by day seven, therefore he is approximately one day behind of schedule. This is the horizontal measurement. Figure 9.2 Earned value work package 12 32 390 12 Totals 390 232 232
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (3 reviews)
a Day two Ahead of schedule and 2...View the full answer
Answered By
Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
4.90+
4+ Reviews
10+ Question Solved
Related Book For
Cost Accounting And Financial Management For Construction Project Managers
ISBN: 9781138550650
1st Edition
Authors: Len Holm
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Below are three independent and unrelated errors. a. On December 31, 2020, Wolfe-Bache Corporation failed to accrue salaries expense of $1,800. In January 2021, when it paid employees for the...
-
In Prob. 16.117, determine the reaction at D, knowing that in the position shown crank AB has an angular velocity of 12 rad/s and an angular acceleration of 80 rad/s2, both counter clockwise.
-
What base amount is used for vertical analysis of a balance sheet?
-
In what important ways will a profit and loss account differ from a statement of cash flow?
-
Sprinkle Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1, 2010, Sprinkle reacquired 100 shares at $87 per share. On September 1, Sprinkle reissued 60 shares at $90 per...
-
Duela Dent is single and had $182,400 in taxable income. Use the rates from Table 2.3. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Calculate h...
-
If a GC was on a cost-plus project, without a GMP, how would payment on an EV basis affect them if they were a) Under-running their estimate, b) Over-running their estimate?
-
What is an EV analysis used for?
-
For the tapered bar shown in Figure P3-60 with cross sectional areas A1 = 2 in.2 and A2 = 1 in.2 at each end, use the collocation, sub-domain, least squares, and Galerkin's methods to obtain the...
-
Let X and Y be independent and identically distributed random variables with mean and variance o2. Find the following: (a) E[(x + 2)] (b) Var (3X + 4) (c) E[(X-Y)] (d) Let u 10 and variance o = 48....
-
2 A steel-pipe pile is to be driven to an allowable load (design load) of 35 tons capacity by an MKT-11B3 double-acting steam hammer. The steel pipe has a net cross-sectional area of 17.12 in. and a...
-
Five resistors 3.10, 30, 4.20, 5.10 and 6.802, are connected in parallel. This combination is then connected in series with a 13.10 resistor. Calculate the total resistance of the combination and the...
-
1. Legal and Ethical Considerations: Discuss the legal and ethical issues related to staffing, including compliance with anti-discrimination laws. Develop policies and practices to ensure legal and...
-
Identify some of the different process opportunities that may exist within a healthcare organization and why it is important for progressive health care organizations to address these challenges. You...
-
An American business needs to pay (a) 15,000 Canadian dollars, (b) 1.5 million yen, (c) 55,000 Swiss francs to businesses abroad. What are the dollar payments to the respective countries? Selling...
-
Read the Forecasting Supply Chain Demand Starbucks Corporation case in your text Operations and Supply Chain Management on pages 484-485, then address the four questions associated with the...
-
Pilar Chemicals has a mixing department and a refining department. Its process-costing system in the mixing department has two direct materials cost categories (chemical P and chemical Q) and one...
-
Panagra, Inc. manufactures digital cameras. It has two departments: assembly and testing. In January 2020, the company incurred $775,000 on direct materials and $816,000 on conversion costs, for a...
-
The Palm Company produces two productscoconut and coconut waterby a joint process. Joint costs amount to $14,000 per batch of output. Each batch totals 4,000 pounds of coconut and 6,000 pounds of...
-
1. (10) Utilize the data in the provided excel file. Assignment 3 Chapter 5.xlsx. Create a Frequency chart. Create a Histogram
-
VALUES OF COEFFICIENT CO 4.0 3.8 3.2 3.0 40 0.5 1.0 1.5 VALUES OF 0=COL H 2.0 3 3.0
-
A client should know that the indexed annuity differs from the fixed annuity in that the indexed annuity: OA. does not link to any indexes outside the fixed account B. may receive credited interest...
Study smarter with the SolutionInn App