You work for a company that produces customized gift baskets. A recent order consisted of 60 baskets to be completed in 4 days. The total cost of the project is $480.

By the end of Day 3, this is the situation:

• 48 baskets have been completed
• Incurred a cost of $432

What is the Planned Value at the end of Day 3?

Question 1 options:

	45 x $8 per invitation = $360
	40 x $6 per invitation = $240
	48 x $8 per invitation = $384

Question 2 (1 point)

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You work for a company that produces customized gift baskets. A recent order consisted of 60 baskets to be completed in 4 days. The total cost of the project is $480.

By the end of Day 3, this is the situation:

• 48 baskets have been completed
• Incurred a cost of $432

What is the EarnedValue at the end of Day 3?

Question 2 options:

	48 x $8 per invitation = $384
	40 x $6 per invitation = $240
	60 x $8 per invitation = $480

Question 3 (1 point)

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You work for a company that produces customized gift baskets. A recent order consisted of 60 baskets to be completed in 4 days. The total cost of the project is $480.

By the end of Day 3, this is the situation:

• 48 baskets have been completed
• Incurred a cost of $432

What is the Actual Cost at the end of Day 3?

Question 3 options:

	$384
	$480
	$432

Question 4 (1 point)

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Choose the correct formula and calculations for the ScheduleVarianceof this project.

Question 4 options:

	Schedule Variance= PV-EV = $360 - $432 = $312
	Schedule Variance= EV-PV = $384 - $360 = $24
	Schedule Variance= EV-AC = $384 - $432 = - $48

Question 5 (1 point)

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Choose the correct formula and calculations for the CostVarianceof this project.

Question 5 options:

	Cost Variance= EV-PV = $384 - $360 = $24
	Cost Variance= EV-AC = $384 - $432 = - $48
	Cost Variance= PV-EV = $360 - $432 = $312

Question 6 (1 point)

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Using the information that you have gained from your calculations, would you say that currently the project is behind or ahead of schedule?

Question 6 options:

	The project is ahead of schedule
	The project is behind schedule