The following six activities constitute an overall bar chart portrayal of a 4-month project. Two months...

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The following six activities constitute an overall bar chart portrayal of a 4-month project. Two months after the start of construction, Activities A, C, D, half of E, and one-fourth of B were completed, for a cost of $10,500. Evaluate the status of the project. Using earned value concepts, determine the schedule variance and the cost variance. State if the project is over or under budget and if it is ahead of or behind schedule. Activity A B C D E F Cost $2,000 $8,000 $2,000 $5,000 $1,000 $15,000 Month 1 Month 2 Month 3 Month 4 The following six activities constitute an overall bar chart portrayal of a 4-month project. Two months after the start of construction, Activities A, C, D, half of E, and one-fourth of B were completed, for a cost of $10,500. Evaluate the status of the project. Using earned value concepts, determine the schedule variance and the cost variance. State if the project is over or under budget and if it is ahead of or behind schedule. Activity A B C D E F Cost $2,000 $8,000 $2,000 $5,000 $1,000 $15,000 Month 1 Month 2 Month 3 Month 4

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