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Your company has been awarded a contract to clean the shoulder and verge of a provincial road stretching 325 km. The estimated cost of the
Your company has been awarded a contract to clean the shoulder and verge of a provincial road stretching 325 km. The estimated cost of the entire project is R812 500. The project has to be delivered within 65 work days. On day 42, 190 km has been completed at a total cost of R380 000. YOU ARE REQUIRED TO: A. Determine the Planned Value on day 42; B. Determine the Earned Value on day 42; C. Determine and interpret the Schedule Variance (in Rand) on day 42; D. Determine and interpret the Time Variance in (in days) on day 42; E. Determine and interpret the Cost Variance (in Rand) on day 42. PLEASE SHOW ALL CACULATIONS 18
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