Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If Samantha would have to calculate variances in schedules and cost to assess progress of the project, advise her on the Earned Value Method.
If Samantha would have to calculate variances in schedules and cost to assess progress of the project, advise her on the Earned Value Method. Use the hypothetical information below to complete the calculations. Budget at Completion (BAC) Percentage Complete (PC) 50% Actual Cost (AC) R40 000 R25 000 The project should be 40% complete at this stage Calculate the following to determine the project status to assist Samantha: A. Planned Value (PV) B. Earned Value (EV) C. Schedule Variance (SV). Based on the calculation, determine the status of the project. D. Cost Variance (CV). Based on the calculation, determine the status of the project.
Step by Step Solution
★★★★★
3.40 Rating (156 Votes )
There are 3 Steps involved in it
Step: 1
A Planned Value PV PVBACComplete PVR400004016000 PVR16000 B Earned Value EV EVBACComplete EVR4000050 ...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