Construction Management
Construction Management
5th Edition
ISBN: 9781119256809
Author: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko
Publisher: WILEY
bartleby

Concept explainers

Students have asked these similar questions
The following eight activities constitute an overall bar chart portrayal of a 4-month project. After 1.5 months, activities A, B, D are completed and E is 50% complete, for a cost of $80,000. 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 D E F G H Cost $2,000 $1,000 $6,000 $2,000 $7,000 $9,000 $3,000 $10,000 Month 1 Month 2 Month 3 Month 4
The project budgeting process involves two steps. The first step is to determine the total budgeted cost (TBC), which is the aggregate amount of the estimated costs of all the specific activities to perform and complete a work package or the project. Review the below Budgeted Cost table for the five working days per activity and calculate the cumulative total cost (CTC) per each of the five  days.
The following bar chart shows the activities to complete a project in 6 months (each column represents 1 month). The total project cost is $1,480. After 3 months, Activities A, B, C, E, and half of F are completed, for a cost of $490. What is the status of the project in terms of the budget (over or under) and the schedule (ahead or behind)? (Give each answer in terms of a percent variance.)

Chapter 18 Solutions

Construction Management

Knowledge Booster
Background pattern image
Civil Engineering
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Structural Analysis
Civil Engineering
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:Cengage,
Text book image
Structural Analysis (10th Edition)
Civil Engineering
ISBN:9780134610672
Author:Russell C. Hibbeler
Publisher:PEARSON
Text book image
Principles of Foundation Engineering (MindTap Cou...
Civil Engineering
ISBN:9781337705028
Author:Braja M. Das, Nagaratnam Sivakugan
Publisher:Cengage Learning
Text book image
Fundamentals of Structural Analysis
Civil Engineering
ISBN:9780073398006
Author:Kenneth M. Leet Emeritus, Chia-Ming Uang, Joel Lanning
Publisher:McGraw-Hill Education
Text book image
Sustainable Energy
Civil Engineering
ISBN:9781337551663
Author:DUNLAP, Richard A.
Publisher:Cengage,
Text book image
Traffic and Highway Engineering
Civil Engineering
ISBN:9781305156241
Author:Garber, Nicholas J.
Publisher:Cengage Learning