Question: Consider a simple project in which four activities describe the basic tasks. This project is presented here as a bar chart drawn as a time-scaled

Consider a simple project in which four activities describe the basic tasks. This project is presented here as a bar chart drawn as a time-scaled schedule. The sum of the amounts for the activities in schedule of values approximates the originally anticipated cost of the project. Project duration is 5 weeks. ACTIVITY COST Week 1 Week 2 Week 3 Week 4 Week 5 A. Brush clearing $1000 B. Tree Cutting and removal $3000 C. Fencing $1500 D. Site Grading $2500 After 3 weeks, the following has been accomplished: Activity A 100% complete, total cost $900 Activity B 40% complete, cost to date $1,400 Activity D 50% complete, cost to date $1,500 For this project, using earned value concepts, determine: A. Schedule variance, state if it is ahead of or behind schedule. (20 Points) B. Cost variance, state if the project is over or under budget. (20 Points) C. Calculate the Estimated Cost at Completion. (10 Points) Note: Show all pertinent solution to receive full credit score

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