Homework Help is Here – Start Your Trial Now!
Business
Operations Management
What is the actual cost so far? 2. What is the estimated time to completion? ( show formula and working) 3. What is the estimated cost to completion? ( show formula and working)

What is the actual cost so far? 2. What is the estimated time to completion? ( show formula and working) 3. What is the estimated cost to completion? ( show formula and working)

Principles of Management
Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter17: Organizational Planning And Controlling
Section: Chapter Questions
Problem 1CRQ: Define managerial planning and controlling.
See similar textbooks
icon
Related questions
Question

Information provided is for end of day 6:

1. What is the actual cost so far?

2. What is the estimated time to completion? ( show formula and working)

3. What is the estimated cost to completion? ( show formula and working)

Activity Landscape Design Retaining wall Dirt work Move utilities Sprinkler system Planting Planned Cost Duration in days 6 9 12 3 1 3 2 2 Cumulative Planned Cost 2 Actual Cost 2 Cumulative Actual Cost 5 3 4 6 2 3 4 15 3 12 8 14 9 15 10 24 33 48 9 Planned Value 2+3+1=6 5+3 = 8 4+2=6 6+3 = 9 4+3 = 7 12 48 % Comp 100 50 5 10 0 0 Σ Earned Value 6*100% = 6 8*50% = 4 6*5% = 0.3 9*10% = 0.9 0 0 11.2
Transcribed Image Text:Activity Landscape Design Retaining wall Dirt work Move utilities Sprinkler system Planting Planned Cost Duration in days 6 9 12 3 1 3 2 2 Cumulative Planned Cost 2 Actual Cost 2 Cumulative Actual Cost 5 3 4 6 2 3 4 15 3 12 8 14 9 15 10 24 33 48 9 Planned Value 2+3+1=6 5+3 = 8 4+2=6 6+3 = 9 4+3 = 7 12 48 % Comp 100 50 5 10 0 0 Σ Earned Value 6*100% = 6 8*50% = 4 6*5% = 0.3 9*10% = 0.9 0 0 11.2
Expert Solution
steps

Step by step

Solved in 5 steps with 5 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Principles of Management
Principles of Management
Management
ISBN:
9780998625768
Author:
OpenStax
Publisher:
OpenStax College
Management, Loose-Leaf Version
Management, Loose-Leaf Version
Management
ISBN:
9781305969308
Author:
Richard L. Daft
Publisher:
South-Western College Pub
Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Foundations of Business - Standalone book (MindTa…
Foundations of Business - Standalone book (MindTa…
Marketing
ISBN:
9781285193946
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Marketing
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing
SEE MORE TEXTBOOKS