Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show work Report the final SV, CV, CPI and PCIB. Based on your data, what is your assessment of the current status of the

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

please show work

Report the final SV, CV, CPI and PCIB. Based on your data, what is your assessment of the current status of the project? At completion? After 4 time periods the project is roughly 77% (PCIB) complete and is current getting only 83 cents worth of work for each dollar spent. The project is currently $10,000 over budget. There is $3,000 worth of work on critical Activity 5 that has not been completed as planned so the project is behind schedule. Since so much of the project has been completed the project is expected to come in over budget. The forecast cost at completion is $78,000 which is $13,000 over budget. Whether the project will be completed on schedule will depend upon whether Activity 5 can make up for lost time. \begin{tabular}{|l|l|l|} \hline 0 & 1 & 2 \\ \hline 1 & & 1 \\ \hline 1 & 2 & 3 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline 0 & 2 & 3 \\ \hline 0 & & 0 \\ \hline 0 & 3 & 3 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline 5 & 7 & 6 \\ \hline 0 & & 0 \\ \hline 5 & 1 & 6 \\ \hline \end{tabular} Status Report: Ending Period 1 Report the final SV, CV, CPI and PCIB. Based on your data, what is your assessment of the current status of the project? At completion? After 4 time periods the project is roughly 77% (PCIB) complete and is current getting only 83 cents worth of work for each dollar spent. The project is currently $10,000 over budget. There is $3,000 worth of work on critical Activity 5 that has not been completed as planned so the project is behind schedule. Since so much of the project has been completed the project is expected to come in over budget. The forecast cost at completion is $78,000 which is $13,000 over budget. Whether the project will be completed on schedule will depend upon whether Activity 5 can make up for lost time. \begin{tabular}{|l|l|l|} \hline 0 & 1 & 2 \\ \hline 1 & & 1 \\ \hline 1 & 2 & 3 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline 0 & 2 & 3 \\ \hline 0 & & 0 \\ \hline 0 & 3 & 3 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline 5 & 7 & 6 \\ \hline 0 & & 0 \\ \hline 5 & 1 & 6 \\ \hline \end{tabular} Status Report: Ending Period 1

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

At Least Know This CPA Review 2021 Financial Accounting And Reporting

Authors: At Least Know This

1st Edition

979-8533826730

More Books

Students also viewed these Accounting questions