Define project schedule financial analysis, Civil Engineering

Assignment Help:

The 6 monthly payment application for the construction of a $70,000,000 University dormitory is analyzed and the summary accounting show: the budgeted cost of work performed is $14,500,000, while the actual cost of work performed is $14,750,000. Calculate the cost status of the project.

Solution: Financial project status is analyzed using the following equations:

BCWS = Budgeted Cost of Work Scheduled = planned costs

ACWP = Actual Cost of Work Performed = actual spent

BCWP = Budgeted Cost of Work Performed = Earned Value

Schedule Variance = BCWP - BCWS

Cost Variance = BCWP - ACWP

Cost Variance = BCWP - ACWP

Cost Variance = $14,500,000 - $14,750,000 =   - $250,000 (over budget)

(1 - ($14,500,000 ÷ $14,750,000)) x 100 = 1.69% over budget

 


Related Discussions:- Define project schedule financial analysis

Surveying, tracing paper method for solving three point problem?

tracing paper method for solving three point problem?

Premix, how we can do good premix

how we can do good premix

Design nominal reinforcement for staircase, Question Given a 1meter hig...

Question Given a 1meter high staircase resting on solid concrete, could it be adequate to design nominal reinforcement for staircase? Answer For design of staircase,

Determine the final stresses in the bolt, Determine the final stresses in t...

Determine the final stresses in the bolt: A steel bolt of diameter 12 mm and length 175 mm is used to clamp a brass sleeve of length 150 mm to a rigid base plate as in Figure.

CANTILEVER RETAINING WALL, NEED TO DESIGN A CANTILEVER RETAINING WALL 8M HI...

NEED TO DESIGN A CANTILEVER RETAINING WALL 8M HIGH, SATURATED UNIT WEIGHT IS 16KN/M3, SURCHARGE IS 7KN/M2, LOAD ABOVE WALL SUPPORTED ON WALL STEM IS 10KN/M RUN, ANGLE IN INTERNAL F

Sir I want to do assignments, sir I want to do assignments which were provi...

sir I want to do assignments which were provided by you sir could you please check with that

Calculate the horizontal distance, Calculate the Horizontal Distance A ...

Calculate the Horizontal Distance A surveyor's total station measured slope distance near station 3245+26.35 is recorded as 437.380-m with a zenith angle of 118º 48' 07" and a

Sewer manhole, minimun difference in level of inlet and oulet pipe level in...

minimun difference in level of inlet and oulet pipe level invert in manhole

Concrete, What practical steps can one take to mitigate the adverse effects...

What practical steps can one take to mitigate the adverse effects in using aggregates with higher than specified flakiness index in the production of concrete

Determine the project duration and critical path, Critical Path - Activity ...

Critical Path - Activity on Node The project precedence table shown below provides the relationships and durations of all activities. Based on end-of-day calculations for start

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd