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At the end of the 24th day of the project, the contractor reported that activity I has been completed and they are ready for activity J. Moreover, the contractor found that there is $3000 below the budgeted cost of the project until the completion of activity I. Using Earned Value principles (SPI & CPI): 1- Is the project over or under budget? 2- Is the project ahead or behind schedule? Activity A Duration (days) Budget ($) 2 $2,000 B 3 $15,500 C 3 $12,500 D 12 $23,000 E 4 $9,500 F 10 $18,500 G 6 $22,500 Н 2 $6,500 I 3 $4,000 J 2 $7,500 K 3 $5,500 L 1 $2,000

At the end of the 24th day of the project, the contractor reported that activity I has been completed and they are ready for activity J. Moreover, the contractor found that there is $3000 below the budgeted cost of the project until the completion of activity I. Using Earned Value principles (SPI & CPI): 1- Is the project over or under budget? 2- Is the project ahead or behind schedule? Activity A Duration (days) Budget ($) 2 $2,000 B 3 $15,500 C 3 $12,500 D 12 $23,000 E 4 $9,500 F 10 $18,500 G 6 $22,500 Н 2 $6,500 I 3 $4,000 J 2 $7,500 K 3 $5,500 L 1 $2,000

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
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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At the end of the 24th day of the project, the contractor reported that activity I has been completed and they are ready for activity J. Moreover, the contractor found that there is $3000 below the budgeted cost of the project until the completion of activity I. Using Earned Value principles (SPI & CPI): 1- Is the project over or under budget? 2- Is the project ahead or behind schedule? Activity A Duration (days) Budget ($) 2 $2,000 B 3 $15,500 C 3 $12,500 D 12 $23,000 E 4 $9,500 F 10 $18,500 G 6 $22,500 Н 2 $6,500 I 3 $4,000 J 2 $7,500 K 3 $5,500 L 1 $2,000
Transcribed Image Text:At the end of the 24th day of the project, the contractor reported that activity I has been completed and they are ready for activity J. Moreover, the contractor found that there is $3000 below the budgeted cost of the project until the completion of activity I. Using Earned Value principles (SPI & CPI): 1- Is the project over or under budget? 2- Is the project ahead or behind schedule? Activity A Duration (days) Budget ($) 2 $2,000 B 3 $15,500 C 3 $12,500 D 12 $23,000 E 4 $9,500 F 10 $18,500 G 6 $22,500 Н 2 $6,500 I 3 $4,000 J 2 $7,500 K 3 $5,500 L 1 $2,000
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