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Q2) At the end of the 24th day of the project, the contractor reported that activity F has been completed and they are ready for activity G. Moreover, the contractor found that there is $2500 under the budgeted cost of the project until the completion of activity F. Using Earned Value principles: Is the project over or under cost? Activity A BCDEFGH I J K L Duration (days) 2 3 3 12 4 SON323 10 6 1 Budget ($) $2,000 $15,500 $12,500 $23,000 $22,000 $18,500 $22,500 $6,500 $4,000 $7,500 $5,500 $2,000

Q2) At the end of the 24th day of the project, the contractor reported that activity F has been completed and they are ready for activity G. Moreover, the contractor found that there is $2500 under the budgeted cost of the project until the completion of activity F. Using Earned Value principles: Is the project over or under cost? Activity A BCDEFGH I J K L Duration (days) 2 3 3 12 4 SON323 10 6 1 Budget ($) $2,000 $15,500 $12,500 $23,000 $22,000 $18,500 $22,500 $6,500 $4,000 $7,500 $5,500 $2,000

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 21P
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Q2) At the end of the 24th day of the project, the contractor reported that activity F has been completed and they are ready for activity G. Moreover, the contractor found that there is $2500 under the budgeted cost of the project until the completion of activity F. Using Earned Value principles: Is the project over or under cost? Activity A B C D E F G H | J K L Duration (days) 2 3 3 12 4 10 6 2 3 2 3 1 Budget ($) $2,000 $15,500 $12,500 $23,000 $22,000 $18,500 $22,500 $6,500 $4,000 $7,500 $5,500 $2,000
Transcribed Image Text:Q2) At the end of the 24th day of the project, the contractor reported that activity F has been completed and they are ready for activity G. Moreover, the contractor found that there is $2500 under the budgeted cost of the project until the completion of activity F. Using Earned Value principles: Is the project over or under cost? Activity A B C D E F G H | J K L Duration (days) 2 3 3 12 4 10 6 2 3 2 3 1 Budget ($) $2,000 $15,500 $12,500 $23,000 $22,000 $18,500 $22,500 $6,500 $4,000 $7,500 $5,500 $2,000
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