Option #$1$: Problem Set

For this Critical Thinking Assignment option, complete the following Review Questions from Chapter $5$ of the Financial Management and Accounting Fundamentals

for Construction textbook, listed on p$.126.$

Review Question $8$

Calculate the cost and scheduling variances for each of the work packages shown. What is the percent complete for the entire package?

For Case $1,$ is the project ahead or behind schedule? Explain.

For Case $3,$ is the Cost Performance Index greater than $1?$ Explain.

For Case $4,$ is the project on schedule and budget or not? Explain.

For Case $2,$ is the project over or under cost? Explain.

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