WBS Element

Planned Value

$($PV$)$

Earned Value

$($EV$)$

Actual Cost

$($AC$)$

$2\mathrm{.}01$ Airframe

$48,000$

$48,000$

$50,000$

$2\mathrm{.}02$ Engines

$22,000$

$21,000$

$23,000$

$2\mathrm{.}03$ Avionics

$80,000$

$60,000$

$45,000$

$2\mathrm{.}04$ Communications

$30,000$

$30,000$

$30,000$

$2\mathrm{.}05$ Tech. Manuals

$42,000$

$42,000$

$48,000$

$2\mathrm{.}06$ Spares

$40,000$

$35,000$

$42,000$

$2\mathrm{.}07$ Training

$80,000$

$80,000$

$86,000$

Project Total

$342,000$

$316,000$

$324,000$

Drug Surveillance Aircraft Project$$Monthly Performance Report

$($October $31,20$XX$)$

Consider the project performance report presented in Figure $14-1.$ What valid conclusion can you draw regarding the project cost performance as of October $31,20$XX$?$

WBS Element

Planned Value

$($PV$)$

Earned Value

$($EV$)$

Actual Cost

$($AC$)$

$2\mathrm{.}01$ Airframe

$48,000$

$48,000$

$50,000$

$2\mathrm{.}02$ Engines

$22,000$

$21,000$

$23,000$

$2\mathrm{.}03$ Avionics

$80,000$

$60,000$

$45,000$

$2\mathrm{.}04$ Communications

$30,000$

$30,000$

$30,000$

$2\mathrm{.}05$ Tech. Manuals

$42,000$

$42,000$

$48,000$

$2\mathrm{.}06$ Spares

$40,000$

$35,000$

$42,000$

$2\mathrm{.}07$ Training

$80,000$

$80,000$

$86,000$

Project Total

$342,000$

$316,000$

$324,000$

Drug Surveillance Aircraft Project$$Monthly Performance Report

$($October $31,20$XX$)$

Consider the project performance report presented in Figure $14-1.$ What valid conclusion can you draw regarding the project cost performance as of October $31,20$XX$?$

The project is on budget.

The project is $$18,000$ over budget.

The project is $$8,000$ over budget.

The project is $$26,000$ under budget.