Answered: What valid conclusion can you draw…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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WBS Element	Planned Value (PV)	Earned Value (EV)	Actual Cost (AC)
2.01 Airframe	48000	48000	50000
2.02 Engines	22000	21000	23000
2.03 Avionics	80000	60000	45000
2.04 Communications	30000	30000	30000
2.05 Tech. Manuals	42000	42000	48000
2.06 Spares	40000	35000	42000
2.07 Training	80000	80000	86000
Project Total	342000	316000	324000

Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report
(October 31, 20XX)

Consider the project performance report presented in figure 14.1. What valid conclusion can you draw regarding the project schedule performance as of October 31, 20XX?

Select one:

a. The project is $26,000 behind schedule.

b. The project is 18 days behind schedule.

c. The project is $26,000 ahead of schedule.

d. The project is $18,000 behind schedule.

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