ACWP = $500

EARNED VALUE 41. The following bar chart shows the activities to complete a project in six months (each cell represents 1 month). After 3 months on the job (the data date), activities A, B, and D are completed; 30% of Activity F; 60% of Activity C; and 50% of Activity E was completed. Activities G, H, J, and K have not been started. Using the earned value concepts, determine the cost and schedule variance. Also report whether the project is over or under budget, and behind or ahead of schedule. SHOW ALL YOUR WORK INCLUDING FORMULAE USING MS WORD Activity Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 LIOTMOOO Cost $50 $120 $80 $200 $120 $300 $60 $70 $50 $60 Data Date BCWS = (4 points) BCWP=_ (4 points) ACWP= (4 points) The project is: (underline the correct answer - (4 points each) a) Over budget b) Under budget The project is: (underline the correct answer - (4 points each) a) Behind schedule b) Ahead of schedule EARNED VALUE 41. The following bar chart shows the activities to complete a project in six months (each cell represents 1 month). After 3 months on the job (the data date), activities A, B, and D are completed; 30% of Activity F; 60% of Activity C; and 50% of Activity E was completed. Activities G, H, J, and K have not been started. Using the earned value concepts, determine the cost and schedule variance. Also report whether the project is over or under budget, and behind or ahead of schedule. SHOW ALL YOUR WORK INCLUDING FORMULAE USING MS WORD Activity Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 LIOTMOOO Cost $50 $120 $80 $200 $120 $300 $60 $70 $50 $60 Data Date BCWS = (4 points) BCWP=_ (4 points) ACWP= (4 points) The project is: (underline the correct answer - (4 points each) a) Over budget b) Under budget The project is: (underline the correct answer - (4 points each) a) Behind schedule b) Ahead of schedule