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The following six activities constitute an overall bar chart portrayal of 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.

The following six activities constitute an overall bar chart portrayal of 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.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The following six activities constitute an overall bar chart portrayal of 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 Month 1 Month 2 Month 3 Cost Month 4 A $2,000 $8,000 $2,000 D $5,000 $1,000 F $15,000
Transcribed Image Text:Activity Month 1 Month 2 Month 3 Cost Month 4 A $2,000 $8,000 $2,000 D $5,000 $1,000 F $15,000
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