Given the four-month project bar chart. Determine the schedule variance (%), the

Question

Given the four-month project bar chart. Determine the schedule variance (%), the cost variance (%) and the percentage completion of the project stating if the project is over or under budget and if it is ahead of or behind schedule. (30%) One and one-half months after the start of construction, Activities A, B, hatf of C, and half of E were completed, for a cost of $29,500. Evaluate the status of the project For this project, using earned value concepts, determine the schedule variance, the cost variance, and the percentage completion. State if the project is over or under budget and if it is ahead of or behind schedule.

Explanation / Answer

Shedule Variance is positive as in one and one-half month almos 3 activitiesare completed so we are ahead by 15 days -133%

Cost Variance is negative as the amount required to complete the above three tasks is $27000 and the amount incurred is $29500 - -109%

its a over budget and ahead shedule project.

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