Note: This is not an assignment question...Please answer both questions... Pleaseeeeeee For this project:ActivityCostW1W2W3W4W5A50020001800D3000After 2 weeks, the following has beenaccomplished:Activity A: 100% complete, total cost = 600Activity B: 40% complete, Cost = 1,000Using the Earned Monetary Value concepts,determine: Schedule variance, and costvarianceSelect one:a. SV = 1100, CV = -600b. SV = 100, CV = -100%3Dc. Noned. SV = 800, CV = -300e. SV = 900, CV = -200 According to your EVM analysis forthe previous problem, what are theconditions of the project performance interms of duration (schedule) and cost?Select one:a. Under budget and behind scheduleb. Over budget and behind schedulec. Over budget and ahead of scheduleO d. Nonee. Under budget and ahead of schedule

GIVEN- At the end of week 2 Activity, A is 100% complete, Activity, A is 40% complete,

Answered: te: This is not an assignment…

Engineering

Civil Engineering

te: This is not an assignment question... Please answer both questions... Pleaseeeeeee

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 19P

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Concept explainers

Budget Estimating

The term budget signifies a plan over the long run, generally, a year that covers the financial expenses and revenues of any organization. This budget plan is known to estimate the growth and success of any organization. Civil engineering companies utilize project budgets for estimating project costs, construction costs, and other direct and indirect costs related to the project being undertaken. Project budget is a detailed statistical tool primarily used by project managers to estimate the overall project cost. The project budget is in the form of a document that includes all the costs which are incurred during the project undertaking and after the completion of the project. Large commercial projects have the project budget estimate in the form of large detailed pieces of documents which include every cost estimate regarding man and materials. Labor costs, material procurement costs, construction costs, and operational costs are some of the costs that are incurred during the project execution and planning phase.

Question

Note: This is not an assignment question...

Please answer both questions... Pleaseeeeeee

For this project:
Activity
Cost
W1
W2
W3
W4
W5
A
500
2000
1800
D
3000
After 2 weeks, the following has been
accomplished:
Activity A: 100% complete, total cost = 600
Activity B: 40% complete, Cost = 1,000
Using the Earned Monetary Value concepts,
determine: Schedule variance, and cost
variance
Select one:
a. SV = 1100, CV = -600
b. SV = 100, CV = -100
%3D
c. None
d. SV = 800, CV = -300
e. SV = 900, CV = -200

According to your EVM analysis for
the previous problem, what are the
conditions of the project performance in
terms of duration (schedule) and cost?
Select one:
a. Under budget and behind schedule
b. Over budget and behind schedule
c. Over budget and ahead of schedule
O d. None
e. Under budget and ahead of schedule

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