Answered step by step
Verified Expert Solution
Question
1 Approved Answer
After week 5 in the project your project accountant provided you with the latest financial data for the four construction packages you are managing (see
After week 5 in the project your project accountant provided you with the latest financial data for the four construction packages you are managing (see Table 2). Each of the four projects are pipe laying operations of the same time and cost magnitude and very similar site conditions i.e. 8 weeks scheduled time and $99,000 budgeted costs. However, each of these projects has a different foreman with different levels of experience and management ability.
Table 2 Project Financial Data Budgeted Cost of Work Scheduled (BCWS) - Cumulative Spending (000's) Project Week Number 0 3 5 IN 6 7 8 30 45 60 71 A 89 99 B 0 3 7 30 45 50 71 89 C 99 O 30 45 50 D 71 89 99 0 7 30 45 50 71 89 99 Budgeted Cost of Work Performed (BCWP) - Cumulative Spending (000's) 0 3 3 20 35 40 A B 0 5 10 23 40 C 0 4 20 22 60 D 10 25 39 60 Actual Cost of Work Performed (ACWP) - Cumulative Spending (000's) 0 4 4 30 35 A 40 B O 5 15 40 50 C O 5 35 45 50 D 0 12 20 45 60Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started