Question
The data given in Table 1 shows PV, EV, and AC values in thousands of dollars for the first 30 weeks of a projects execution
The data given in Table 1 shows PV, EV, and AC values in thousands of dollars for the first 30 weeks of a project’s execution before its completion.
Answer the following questions:
a. Using three different pen colors, draw a graph showing the curves PV, EV, and AC. Label appropriately the curves and the x-axis and y-axis;
b. Indicate the intervals of time where the project is on schedule, going faster or slower than the planned schedule;
c. Indicate the intervals of time where the project is on budget, under or over the planned budget
d. Evaluate the budget gain or loss that occurred on week 15 in dollars;
e. Evaluate the schedule status on week 25.
Activity ID | Week Number | PV $(‘000) | EV $(‘000) | AC $(‘000) |
A | 5 | 7 | 5 | 2 |
B | 10 | 13 | 10 | 7 |
C | 15 | 18 | 15 | 12 |
D | 20 | 20 | 20 | 20 |
E | 25 | 22 | 25 | 28 |
F | 30 | 27 | 30 | 33 |
Step by Step Solution
3.39 Rating (171 Votes )
There are 3 Steps involved in it
Step: 1
In the above graph the red curve is for the values of PV the blue curve is for E...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