Fill in the blank ނUsing the figure below, write in the appropriate word for a. and b. fromthese four: (over, under, behind, ahead)Project cost (dollars)ACWPReport dateBCWSSchedule varianceCost varlanceb.BCWP (earned value)HH+Project duration (typically in months)FIGURE 10.4 General Concepts of Earned Value Analysis.05050100% Budget

a = Behindb = OverExplanations:1. Overview of Earned Value Analysis (EVA):Earned Value Analysis is a…

Answered: ނ Using the figure below, write in the…

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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The following eight activities constitute an overall bar chart portrayal of a 4-month project. After 1.5 months, Activities A, B, D, and half of E were completed, for a cost of $8,000. For this 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 or behind schedule.
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