Chapter 16, Problem 2RQ

1- A project to develop a county park has an actual cost in month 17 of $350,000, a planned cost of $475,000, and a value completed of $300,000. Find the cost and schedule variances and the three indexes.($000)

Use USD method.

Define the term schedule of values?

Develop a programming budget estimate for a 100,000 square-foot warehouse, assuming a square-foot cost factor of $60 per square foot.  The site will be about 200,000 square feet with a site development cost of $3 per square foot. Use the following allowances to prepare your budget estimate: - Owner-furnished FFE: $1,000,000 - Owner soft costs: $800,000 - Programming fees: $50,000 - Geotechnical Investigation: $390,000

After a six months of work on the projects site, your company collected the following information relating to work down so far on the project BAC=$156,478.00, planned value=$95,565.24, Earned value =$92, 985.56, Actual cost =$95986.60.  calculate the percentage of work completed

Please use the sample estimate presented. It must meet the exact total estimated project cost given.

The methods used to estimate the cost of a project during the selection phase are generally slower and consume more resources than those used to create detailed estimates in later phases.     True   False

What different kinds of expenditures might be included in the recorded cost of a building?