A project has the following set of activities, predecessor, duration times, cost /day and activity total cost as shown in the table below. The project performance is measured at the end of day 7 and the measured data is given in the next table.

A project has the following set of activities, predecessor, duration times, cost /day and activity total cost as shown in the table below. The project performance is measured at the end of day 7 and the measured data is given in the next table.

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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Question

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A project has the following set of activities,
predecessor, duration times, cost /day and activity
total cost as shown in the table below.
The project performance is measured at the end of
day 7 and the measured data is given in the next
table.
Answer the next six questions.
Question one: the ACWP of the project at the end of
day 7 is:
Activity Predecessor Duration (days) Cost/Day Total Cost
600
1200
1200
400
300
A
B
с
D
E
A
B
B
D
2
3
3
2
3
300
400
400
200
100

Activity Actual% Complete
<UOE
A
B
с
Field report at end of day 7
D
100
100
33
50
0
a. 1300
b. 1500
c. 1700
d. 1800
e. 2000
Incurred Cost
600
1400
500
200
0

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Step 1: Define ACWP (Actual Cost of Work Performed).

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