Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Your company has been awarded a contract to do the road markings of a road through the Groot Karoo. The distance that has to be
Your company has been awarded a contract to do the road markings of a road through the Groot Karoo. The distance that has to be marked is 210 kilometres and the estimated cost of the entire project is R441 000. The project has to be delivered within 35 work days. On day 24, 156km has been completed at a total cost of R335 400. YOU ARE REQUIRED TO: A. Determine the Planned Value on day 24; B. Determine the Earned Value on day 24; C. Determine and interpret the Schedule Variance (in Rand); D. Determine and interpret the Time Variance in (in days); E. Determine and interpret the Cost Variance (in Rand) PLEASE SHOW ALL CACULATIONS
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