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The following eight activities constitute an overall bar chart portrayal of a 4-month project. Two months after the start of the project, Activities A, C, D are completed, E is 50% complete and B is 25% complete. The total cost that has been spent is $10,500. For this project, using earned value concepts, determine the schedule and cost variance. Is the project ahead or behind schedule? Over or under budget? Activity A B с DEF D Cost $2,000 $8,000 $2,000 $5,000 $1,000 $15,000 Month 1 Month 2 Month 3 Month 4

The following eight activities constitute an overall bar chart portrayal of a 4-month project. Two months after the start of the project, Activities A, C, D are completed, E is 50% complete and B is 25% complete. The total cost that has been spent is $10,500. For this project, using earned value concepts, determine the schedule and cost variance. Is the project ahead or behind schedule? Over or under budget? Activity A B с DEF D Cost $2,000 $8,000 $2,000 $5,000 $1,000 $15,000 Month 1 Month 2 Month 3 Month 4

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 eight activities constitute an overall bar chart portrayal of a 4-month project. Two months after the start of the project. Activities A, C, D are completed, E is 50% complete and B is 25% complete. The total cost that has been spent is $10,500. For this project, using earned value concepts, determine the schedule and cost variance. Is the project ahead or behind schedule? Over or under budget? Activity A B VAHE с D F Cost $2,000 $8,000 $2,000 $5,000 $1,000 $15,000 Month 1 Month 2 Month 3 Month 4
Transcribed Image Text:The following eight activities constitute an overall bar chart portrayal of a 4-month project. Two months after the start of the project. Activities A, C, D are completed, E is 50% complete and B is 25% complete. The total cost that has been spent is $10,500. For this project, using earned value concepts, determine the schedule and cost variance. Is the project ahead or behind schedule? Over or under budget? Activity A B VAHE с D F Cost $2,000 $8,000 $2,000 $5,000 $1,000 $15,000 Month 1 Month 2 Month 3 Month 4
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