Project Management Earned Value Assignment
COST ACCT-Steel Company USA is a metal fabricating business that sells products mainly to the home construction….
July 16, 2018Strayer ECO550 (NEW) Assignment 4 Market Model Patterns of Change
July 16, 2018Answer the
following questions based on this data:
Work on a
project has gone on for six months but only 90% of the work that was expected
to be done during that period was completed, at a cost of $40,000 so far.
The budget for the entire project is $100,000, and it was originally planned to
take one year.
What should have been spent for the
work actually done in six months? (EV). SHOW CALCULATIONWhat is the variance in cost based
on the work completed? (CV) Is it better or worse than budgeted? SHOW
CALCULATIONWhat is the value of the time
variance from schedule for the six months? (SV). Is the project ahead of or
behind schedule? SHOW CALCULATIONAt the spending rate for six months,
what is the total cost estimate for the entire project? (EAC) How much over or
under the original budget will it be? SHOW CALCULATIONAt the completion rate for six
months, what is the total estimated time needed to complete the entire project?
How much early or late will it be? SHOW CALCULATIONS