Question: A project has been estimated to take six weeks and cost $120,000. Cost and percent complete data are provided below: Task $/Task Week 1 Week
A project has been estimated to take six weeks and cost $120,000. Cost and percent complete data are provided below:
| Task | $/Task | Week 1 | Week 2 | Week 3 | Week 4 | Week 5 |
| A | $20,000 | 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 |
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.
What is your interpretation of this cost data?
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