Duration (weeks)
$$\begin{array} { | l | l | l | l | l | l | l | }
\hline & 5 & 10 & 15 & 20 & 25 &\%\mathrm { Cormp } \
\hline \text { Conceptual desiern } & 10 & 6 & & & & 100 \% \
\hline \text { Craphics desigrl } & & 12 & 6 & 4 & & 100 \% \
\hline \text { Copyright } & & & 4 & 5 & 6 & 100 \% \
\hline \text { Barmples } & & & 4 & 2 & & 70 \% \
\hline \text { Toolirg } & & & 6 & 9 & 4 & 50 \% \
\hline \text { Production } & & & 2 & 6 & 14 & 20 \% \
\hline \text { Total } & 10 & 18 & 22 & 26 & 24 & \
\hline \text { Currulative } & 10 & 28 & 50 & 76 & 100 & \
\hline
\end{array}$$
-Use the data to calculate the earned value for the project.All amounts are in thousands of dollars.
A)$65,500
B)$69,550
C)$71,100
D)$76,125

Question

Duration (weeks)
 $$\begin{array} { | l | l | l | l | l | l | l | } 
\hline & 5 & 10 & 15 & 20 & 25 &\%\mathrm { Cormp } \
\hline \text { Conceptual desiern } & 10 & 6 & & & & 100 \% \
\hline \text { Craphics desigrl } & & 12 & 6 & 4 & & 100 \% \
\hline \text { Copyright } & & & 4 & 5 & 6 & 100 \% \
\hline \text { Barmples } & & & 4 & 2 & & 70 \% \
\hline \text { Toolirg } & & & 6 & 9 & 4 & 50 \% \
\hline \text { Production } & & & 2 & 6 & 14 & 20 \% \
\hline \text { Total } & 10 & 18 & 22 & 26 & 24 & \
\hline \text { Currulative } & 10 & 28 & 50 & 76 & 100 & \
\hline
\end{array}$$
-Use the data to calculate the earned value for the project.All amounts are in thousands of dollars.
A)$65,500
B)$69,550
C)$71,100
D)$76,125

Quizplus · Accepted Answer

The earned value (EV) of the project can be calculated by multiplying the percentage completion of each task by its budget at completion (BAC), and then summing these values. The BAC for each task can be determined from the table by multiplying the duration (weeks) by the cost per week (in thousands of dollars), and then summing these for each task. The percentage completion (\% Cormp) is given in the table. The calculation is as follows:- Conceptual design: 100% of (10*5 + 6*10) = 100% of 110 = $110,000- Graphics design: 100% of (12*10 + 6*15 + 4*20) = 100% of 300 = $300,000- Copyright: 100% of (4*15 + 5*20 + 6*25) = 100% of 190 = $190,000- Samples: 70% of (4*15 + 2*20) = 70% of 100 = $70,000- Tooling: 50% of (6*15 + 9*20 + 4*25) = 50% of 270 = $135,000- Production: 20% of (2*15 + 6*20 + 14*25) = 20% of 410 = $82,000Adding these values gives the total earned value (EV) for the project:EV = $110,000 + $300,000 + $190,000 + $70,000 + $135,000 + $82,000 = $887,000However, the calculation above does not match any of the provided options, indicating a misunderstanding in the interpretation of the question or a mistake in the calculation. Given the options and the typical approach to calculating earned value, which involves the budgeted cost of work performed (BCWP) or earned value (EV) based on the percentage completion and the total budget, it seems there might be a need to reconsider the approach based on the provided options and the data given.The correct approach should involve calculating the earned value based on the cumulative percentage completion at each stage and the total budget or cost at completion for the project. However, without explicit budget values or a clear total project budget, the calculation as attempted does not directly lead to a correct answer among the provided choices. The question might be seeking an understanding of the earned value concept rather than a precise calculation based on the given table.

Duration (Weeks) -Use the Data to Calculate the Earned Value for the |