You are developing a new rocket motor for NASA. The project duration is planned

Question

You are developing a new rocket motor for NASA. The project duration is planned for 20 weeks. The project budget is $40,000 and is planned to be spent on a level bases through out the project. You are at the end of week 10, the accounting department tells you the project has spent $19,500, your project manager tell you that you are 40% of the WBS is complete. Calculate the following;

Actual Cost, Earned Value, Planned Value.

Am I correct the following?

Actual Cost should be $40,000 * 0.40 = $16,000

Planned Value = 40,000

Earned Value = $40,000 - (40,000*0.6) = $16,000

Thank you for the help it is greatly appreciate.

Explanation / Answer

the actual costt is already given : $19500,

earned value is 40% of net beacause only 40% of work is done => 0.4*40000 = $16,000

planned value is for completed duration of 10 weeks 50% of net => 0.5*40000 = $20,000

hey plz rate this is the correct answer.. :)

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