Answered step by step
Verified Expert Solution
Question
1 Approved Answer
This is missing key pieces of necessary information to complete the related tasks.Assumptions include that the project started on 1/1/2017, the cost per unit is
This is missing key pieces of necessary information to complete the related tasks.Assumptions include that the project started on 1/1/2017, the cost per unit is $1,000, a unit of work is one hour, and the actual cost on the current date of 4/15/2017 is $750,000. Using actual durations, the project task 1.2.3.4 which is highlighted. Planned hours and earned hours are indicated in the same row.
Can someone please verify if my answers are correct and give me a brief summary as to what the values and results mean? (3rd picture is my answers)
Can somebody please corroborate that my answers (3rd picture) are correct?
Duration Dumnative Difference 0 3 0 1 -1 0 2 5 1 7 -1 -2 -8 -6 4 3 0 -3 -9 2 4 2 9 0 O O Actual Baseline Work al 10 10 5 6 8 8 3 - 4 26 32 18 19 3 6 16 25 7 7 2 2 72 72 3 4 8 8 112 114 20 20 3 3 32 32 32 34 40 44 3 3 4 4 32 34 3 2 -1 WIS 1.1.1.1 1.1.1.2 11.1.3 1.1.1.4 1.1.2.1 1.1.2.2 1.1.2.3 1.2.1.1 1.2.12 1.2.13 1.2.1.4 1.2.1.5 1.2.2.1 1.2.2.2 1.2.23 1.2.2.4 1.2.3.1 1.2.3.2 1.2.3.3 1.2.3.4.1 1.2.3.42 1.2.3.5.1 1.2.3.5 2 1.2.4.1 1.2.4.2 1.2.4.3 1.2.4.4 1.2.4.5 1.2.5.1.1 1.2.5.12 1.2.6.2.1 1.2.6.3.1 0 Tack Name Gather Required Documents Complete Permit Applications Submit Permit Applications Post Construction Permit Initial Site Survey Develop Site Plan Approve Site Plan Dig Foundation Footers Pour Foundation Footers Inspect Foundation Footers Build Foundation Wall Inspect Foundation Wall Order Framing Materials Frame Floor & Walls & Roof Install Widows & Doors Perform Framing Inspection Perform HVAC Rough in Perform Plumbing Rough in Perform Electrical Rough in Insect Rough in by PM Inspect Rough in by Code Officer Install Wall & Floor Insulation Perform insulation Inspection Apply Foundation Siding Lay Brick & Rock Siding Install Exterior Trim Inspect Exterior Siding & Trim Paint Exterior Trim Hang Interior Drywall Finish Interior Drywall Pour concrete driveway Build Exterior Deck 1 14 3 2 4 -2 0 0 0 8 -11 -20 -20 -20 -20 -21 -21 -23 -23 -23 -23 -25 -29 -29 -29 -31 -32 -32 -32 -32 -32 -32 -34 4 -2 4 5 1 2 0 0 -2 4 2 -1 6 48 0 Hours Budgeted 12 4 96 24 3 Hours Expended 606 638 2 6 4 12 4 4 140 48 96 24 3 38 32 65 8 32 0 0 0 O -2 20 0 26 -14 34 45 8 6 12 Project Begin Current Date Days 1/1/17 4/15/17 104 $1,000 $750,000 Cost per Unit Actual Cost (AC) Acronym Term Formula PV EV AC SV Np C Np*C Planned Value Earned Value Actual Cost Schedule Variance EV-PV CV Cost Variance EV-AC CPI Cost Performing EVIAC Index SPI EV/PV BAC Schedule Performance Index Budgeted at Completion Expected at Completion N*C EAC BAC/CPI ECT EAC-EV Expected to Complete VAC BAC-EAC Variance at Completion TCPI To-Compete Performance Index (BAC-EV)/(BAC- AC) EV = 6380 LON 112,000 ICPI = 0.85 SV 32,000 SPI = 1.05 EAC = 638,000 ETC = - 158,000 Duration Dumnative Difference 0 3 0 1 -1 0 2 5 1 7 -1 -2 -8 -6 4 3 0 -3 -9 2 4 2 9 0 O O Actual Baseline Work al 10 10 5 6 8 8 3 - 4 26 32 18 19 3 6 16 25 7 7 2 2 72 72 3 4 8 8 112 114 20 20 3 3 32 32 32 34 40 44 3 3 4 4 32 34 3 2 -1 WIS 1.1.1.1 1.1.1.2 11.1.3 1.1.1.4 1.1.2.1 1.1.2.2 1.1.2.3 1.2.1.1 1.2.12 1.2.13 1.2.1.4 1.2.1.5 1.2.2.1 1.2.2.2 1.2.23 1.2.2.4 1.2.3.1 1.2.3.2 1.2.3.3 1.2.3.4.1 1.2.3.42 1.2.3.5.1 1.2.3.5 2 1.2.4.1 1.2.4.2 1.2.4.3 1.2.4.4 1.2.4.5 1.2.5.1.1 1.2.5.12 1.2.6.2.1 1.2.6.3.1 0 Tack Name Gather Required Documents Complete Permit Applications Submit Permit Applications Post Construction Permit Initial Site Survey Develop Site Plan Approve Site Plan Dig Foundation Footers Pour Foundation Footers Inspect Foundation Footers Build Foundation Wall Inspect Foundation Wall Order Framing Materials Frame Floor & Walls & Roof Install Widows & Doors Perform Framing Inspection Perform HVAC Rough in Perform Plumbing Rough in Perform Electrical Rough in Insect Rough in by PM Inspect Rough in by Code Officer Install Wall & Floor Insulation Perform insulation Inspection Apply Foundation Siding Lay Brick & Rock Siding Install Exterior Trim Inspect Exterior Siding & Trim Paint Exterior Trim Hang Interior Drywall Finish Interior Drywall Pour concrete driveway Build Exterior Deck 1 14 3 2 4 -2 0 0 0 8 -11 -20 -20 -20 -20 -21 -21 -23 -23 -23 -23 -25 -29 -29 -29 -31 -32 -32 -32 -32 -32 -32 -34 4 -2 4 5 1 2 0 0 -2 4 2 -1 6 48 0 Hours Budgeted 12 4 96 24 3 Hours Expended 606 638 2 6 4 12 4 4 140 48 96 24 3 38 32 65 8 32 0 0 0 O -2 20 0 26 -14 34 45 8 6 12 Project Begin Current Date Days 1/1/17 4/15/17 104 $1,000 $750,000 Cost per Unit Actual Cost (AC) Acronym Term Formula PV EV AC SV Np C Np*C Planned Value Earned Value Actual Cost Schedule Variance EV-PV CV Cost Variance EV-AC CPI Cost Performing EVIAC Index SPI EV/PV BAC Schedule Performance Index Budgeted at Completion Expected at Completion N*C EAC BAC/CPI ECT EAC-EV Expected to Complete VAC BAC-EAC Variance at Completion TCPI To-Compete Performance Index (BAC-EV)/(BAC- AC) EV = 6380 LON 112,000 ICPI = 0.85 SV 32,000 SPI = 1.05 EAC = 638,000 ETC = - 158,000 Step 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