Question: You created a table and updated the project as shown in Table 1 below. 1. Calculate the following: a. Cost variance (CV) b. Schedule

You created a table and updated the project as shown in Table 1 below. 1. Calculate the following: a. Cost variance (CV) b. Schedule variance (SV) c. Total variance (TV) d. Percent cost variance (PCV) e. Percent schedule variance (PSV) f. Percent total variance (PTV) g. Cost performance index (CPI) h. Schedule performance index 2. Explain the status of the project based on the data collected and calculated in question 1. Description Footing concrete Slab Stairs Roofing Rough Electricity Rough HVAC Cabinets Floors Countertops Finish electricity Total % Complete 100% 100% 50% 100% 100% 100% 50% 20% Table 1: Data for residential building Budgeted Costs 0 0 Rs. 3,400 Rs. 3,000 Rs. 2,800 Rs. 4,300 Rs. 4,000 Rs. 3,500 Rs. 2,100 Rs. 3,000 Rs. 2,200 Rs. 5,000 Rs. 33,300 BCWS Rs. 3,400 Rs. 3,000 Rs. 2,800 Rs. 4,300 Rs. 4,000 Rs. 3,500 Rs. 2,100 Rs. 3,000 0 0 Rs. 26,100 BCWP Rs. 3,400 Rs. 3,000 1900 Rs. 4,300 Rs. 4,000 Rs. 3,500 1050 Rs. 600 0 0 Rs. 21,750 ACWP Rs. 3,800 Rs. 3,000 Rs. 1,900 Rs. 4,700 Rs. 4,500 Rs. 4,000 Rs. 1,200 Rs. 700 0 0 Rs. 23,800

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Answer a Cost Variance CV The cost variance CV is calculated as the difference between the budgeted cost of work scheduled BCWS and the budgeted cost ... View full answer

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