Question

Fred Ridgeway has been given the responsibility of managing a training and development program. The project...

Fred Ridgeway has been given the responsibility of managing a training and development program. The project has progressed over the past several months, Fred would like to know the current status of the project with regard to schedule and budget by developing an appropriate table. The relevant data is provided below. ACTIVITY PERCENTAGE COMPLETED BUDGETED COST ACTUAL COST A 100 $10,000 $13,000 B 100 $14,000 $12,000 C 100 $5,000 $6,000 D 100 $6,000 $6,000 E 60 $14,000 $9,000 F 10 $13,000 $800 G 80 $4,000 $3,600 H 15 $6,000 $375 a) What is the difference between value of the work completed for Activity A and the actual cost of Activity A?

(A positive value means the actual cost exceeds the value of the work completed)

b) What is the difference between value of the work completed for Activity B and the actual cost of Activity B?

c) What is the difference between value of the work completed for Activity C and the actual cost of Activity C?

d) What is the difference between value of the work completed for Activity D and the actual cost of Activity D?

e) What is the difference between value of the work completed for Activity E and the actual cost of Activity E?

f) What is the difference between value of the work completed for Activity F and the actual cost of Activity F?

g) What is the difference between value of the work completed for Activity G and the actual cost of Activity G?

h) What is the difference between value of the work completed for Activity H and the actual cost of Activity H?

i) Currently the total project is: overbudget by $1,975; underbudget by $1,975; overbudget by $8,025; or underbudget by $8,025

Math   Statistics-And-Probability   
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