Q4:A project is considered to last for 10 weeks with a budget of $1,600,000. The cost behaviour of theproject in its first 6 months is exhibited in the following table. The project progress is consideredlinearly proportional to time.Cost behaviour of the project in Q4:Cost dataWK6WKI WK2 WK3 WK4 WK5Earned value to date ($) 150,000 300,000 480,000 900,000 1,200,000 1,480,000Actual cost to date ($) 200,000 350,000 600,000 820,000 1,120,000 1,520,0000a. Use the EV formulas to evaluate the project's progress performance over the six weeks.

Cumulative cost variance considers the whole venture financial plan versus cost up a particular…

Q4: A project is considered to last for 10 weeks with a budget of $1,600,000. The cost behaviour of the project in its first 6 months is exhibited in the following table. The project progress is considered linearly proportional to time. Cost behaviour of the project in Q4: Cost data WKI WK5 WK2 WK3 WK4 300,000 480,000 900,000 1,200,000 WK6 1,480,000 Earned value to date ($) 150,000 200,000 350,000 600,000 820,000 1,120,000 1,520,0000 Actual cost to date ($) a. Use the EV formulas to evaluate the project's progress performance over the six weeks.

Q4: A project is considered to last for 10 weeks with a budget of $1,600,000. The cost behaviour of the project in its first 6 months is exhibited in the following table. The project progress is considered linearly proportional to time. Cost behaviour of the project in Q4: Cost data WKI WK5 WK2 WK3 WK4 300,000 480,000 900,000 1,200,000 WK6 1,480,000 Earned value to date ($) 150,000 200,000 350,000 600,000 820,000 1,120,000 1,520,0000 Actual cost to date ($) a. Use the EV formulas to evaluate the project's progress performance over the six weeks.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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