Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A project has been estimated to take six weeks and cost $115,000. Cost and percent complete data are provided below: Task $/Task Week 1 Week

A project has been estimated to take six weeks and cost $115,000. Cost and percent complete data are provided below: image text in transcribed

Task $/Task Week 1 Week 2 Week 3 Week 4 Week 5
A $15,000 100% 100% 100% 100% 100%
B $10,000 100% 100% 100% 100%
C $25,000 75% 100% 100% 100%
D $25,000 40% 80% 100%
E $10,000 40% 100% 100%
F $10,000 30% 80%
G $5,000 40% 100% 100%
H $15,000 40%
ACWP $6,500 $23,000 $54,000 $80,000 $90,000

1)

Fill in the Earned Value table above to show PV, EV, AC, the cost variance (CV) and Schedule variance (SV) at each week through and including week 5.

Week PV EV AC CV SV
1
2
3
4
5
6

What is your interpretation of this cost data?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

define the lending interest rate

Answered: 1 week ago