A simple project in Bessemer, Alabama, has four activities. (See the time-scaled

Question

A simple project in Bessemer, Alabama, has four activities. (See the time-scaled schedule of the project below). The sum of the amounts for the activities in the schedule of values is the originally anticipated cost of the project. The project duration is 5 weeks. 2. Activity Cost Week 1 Week 2 Week 3 Week 4 Week 5 A. Brush deaning B. Tree cutting& removalS C. Fencing 1,000 3,000 1,500 D. Site grading5 2500 After three weeks, the following has been accomplished: Activity A 100% complete, total cost S900 Activity B 40% complete, cost to date $1,400 Activity D 50% complete, cost to date $1,500 For this project, using earned value concepts, determine the schedule variance and the cost variance. State if the project is over or under and if it is ahead of or behind schedule. (See hints in the previous problems) 3, A mason contracted with a general contractor to build an exterior wall from 8-inch CMUs·The wall is 82 feet long and 8 feet high*. The mason must finish the wall in 3 days and gets paid $4 per block. At the end of day 1, the mason has installed 220 blocks. Her actual cost (including overhead and profit) is $836. Analyze the situation with regard to both the budget and the schedule. Please remember the CMU face dimension (including the mortar joint): 8 inches by 16 inches

Explanation / Answer

2 have gone through the question & found the undermentioned results:

1 For Schedule variance :

I have Checked the Facts of question & drawn the undermentioned result:

Schedule variance: Bessemers Albama is ahead in respect of schedule Variance. this Conclusion we have drawn from aforementioned working .

1 For Cost variance :

I have Checked the Facts of question & drawn the undermentioned result:

Schedule variance: Bessemers Albama is over in respect of cost Variance. his Conclusion we have drawn from aforementioned working .

S.NO Activities No of Days Percentage Completion No of days Taken Actual days Taken 1 Bush cutting 14 100 14 2 tree Cutting & Removal 14 40 5.6 3 Fencing 3.5 4 Site Grading 3.5 50 1.75 21.35 21 0.35 So From the above Table it is clear that the total time to be taken to complete this activity be 21.35 days but they have completed the same in the 21 days so from this we can submit that Company is ahead of Time schedule

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