Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ABC is very simple project: it consists of two tasks A and B, where A = all mechanical and B all electronics of 20 days

image text in transcribed

ABC is very simple project: it consists of two tasks A and B, where "A = all mechanical" and "B all electronics" of 20 days each. The cost of the mechanical work is $100/day and the cost of electronics is $150/day. Task B can actually start half the way of task A (i.e. the 10th day), so the project can be completed in 30 days. Today is the end of the 15th day of the project and, * the team is exactly on schedule following the 50-50 rules * but the actual cost so far is $2,500 A. What is the Cost Variance? B. What is the expected cost at completion? C. What is the EV? Explain. Attach any spreadsheets or Gantt charts

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Securitisation Derivatives A Practioner's Handbook

Authors: Mark Aarons, Vlad Ender, Andrew Wilkinson

1st Edition

1119532272, 978-1119532279

More Books

Students also viewed these Finance questions