Which of the nine options in Figure 9.1 would be considered by a contractor to be 

a) Most preferable, 

b) Least preferable, 

c) Completely neutral?

Transcribed Image Text:

Work Days: Estimated Hours/Day Cumulative Hours Actual Hours/Day Cumulative Hours Earned Hours/Day Cumulative Hours Man-hours: 350 300 250 200 150 100 50 0 1 16 16 16 16 16 16 2 16 32 24 40 24 40 2 Figure 9.1 Earned value work package 3 24 56 32 72 30 70 3 4 24 80 32 104 32 102 5 30 110 32 136 32 134 6 30 140 5 34 170 32 166 7 30 170 40 210 Earned Value Curve Guest Room Toilet Accessories 6 Days 32 198 Actual Cost: Earned: 7 8 30 200 40 250 32 230 8 9 30 230 10 32 262 9 Estimated/Planned: 11 32 294 10 11 12 31 325 Simple Analysis: Cost: On day eight, the foreman had spent 250 hours, but earned 230, therefore he was 20 hours over budget. This is the vertical measurement between the actual and earned curves. Schedule: On day eight, the foreman had earned 230 hours but was not scheduled to have done so until approximately day nine, therefore he is approximately one day ahead of schedule. This is the horizontal measurement. 12 Totals 325 250 230