A construction company successfully bid on a contract to repave 20 miles of city road @ $30,000/mile with eight weeks to complete. Two (2) weeks into the project, the company spent $100,000 and completed four miles. Calculate the following terms, making sure that the sign of each term is correct, and indicate whether the company is ahead or behind schedule and budget.
Planned versus snapshot (at two weeks) activities:
BAC
PV or BCWS
EV or BCWP
AC or ACWP
CV
Company is ahead _________or behind ______ budget
SV
Company is ahead _________or behind ______ schedule
CVI
SVI
Project Completion Estimate Activities:
EAC
ETC
VAC
Categories: