Question: A project has been estimated to take six weeks and cost $115,000. Cost and percent complete data are provided below: Task $/Task Week 1 Week
A project has been estimated to take six weeks and cost $115,000. Cost and percent complete data are provided below:
| Task | $/Task | Week 1 | Week 2 | Week 3 | Week 4 | Week 5 |
| A | $15,000 | 100% | 100% | 100% | 100% | 100% |
| B | $10,000 | 100% | 100% | 100% | 100% | |
| C | $25,000 | 75% | 100% | 100% | 100% | |
| D | $25,000 | 40% | 80% | 100% | ||
| E | $10,000 | 40% | 100% | 100% | ||
| F | $10,000 | 30% | 80% | |||
| G | $5,000 | 40% | 100% | 100% | ||
| H | $15,000 | 40% | ||||
| ACWP | $6,500 | $23,000 | $54,000 | $80,000 | $90,000 | |
1)
Fill in the Earned Value table above to show PV, EV, AC, the cost variance (CV) and Schedule variance (SV) at each week through and including week 5.
| Week | PV | EV | AC | CV | SV | |
| 1 | ||||||
| 2 | ||||||
| 3 | ||||||
| 4 | ||||||
| 5 | ||||||
| 6 |
What is your interpretation of this cost data?
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