A project to develop a county park has an actual cost in month 17 of $350,000, a planned cost of $475,000, and a value completed of $300,000. Find the cost and schedule variances and the three indexes.

A project to develop a county park has an actual cost in month 17 of $350,000, a planned cost of $475,000, and a value completed of $300,000. Find the cost and schedule variances and the three indexes.

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 19P

See similar textbooks

Related questions

Q: Situation 5: For the first three items, consider the following: A 20 km stretch of a highway had the…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: Referring to Figure , how much water is stored after 20 minutes in each of the tanks? How long will…

A: Given:- The density of the water = 1000 kg/m3 The volume of the tank (a) = 24 m3 The volume of the…

Q: 38. A cylindrical steel pressure vessel 400 mm in diameter with a wall thickness of 20 mm, is…

A: Given data in question Diameter Wall thickness Internal pressure Limiting value of stress To find…

Q: A hydrometer is a device that measures the density of a liquid. If it weighs 0.0216 N and has a stem…

Q: In AASHTO, which group are the following soil likely tofall into? a. A well-graded gravel with…

A: According to the AASHTO classifications, The soil can be classified into 7 groups, a) A-1 b) A-2 c)…

Q: Help me pls

A: Since you have asked multiple question, we will solve first question for you.If you want any…

Q: A truss is supported by a pin at A and a roller at B as shown in the Figure Q2. Modulus of…

A: Absolute deflection of a joint. Calculate the members force due to external loading. Remove the…

Q: A square column 400mmx400mm is reinforced by 8-20mm diameter rebars distributed evenly on all faces…

A: Given data: Size of column=400mmx400mm Diameter of bars=20 mm Number of bars=8 Clear cover=50 mm…

Q: 2AE 30 deg E = 205 GPa 100 KN B 4AE 5m A = 20mm 2 30 kN 2AE 60 deg 20mm C

Q: 24 in. Vide x 26 in. deep Fig. beam is part of the lateral resisting system that consists of an…

Q: 300 mm 600 mm 600 mm 150 mm 300 mm X

A: Moment of Inertia : The moment of inertia is a measurement of a resistance of the body to angular…

Q: 2. A hydrometer is a device that measures the density of a liquid. If it weighs 0.0216 N and has a…

Q: 2-The horizontal angle reading at point A was 317°38'15" then the instrument turned to point B the…

A: Given: The horizontal angle at point A with a reference point is measured to be 317038'15'' and When…

Q: Calculate the y-coordinate of the centroid of the shaded area. The triangle is equilateral.…

Q: An open channel is of isosceles triangle shape, with side slopes 1 vertical and n horizontal. The…

Q: Find the reaction at the fixed end of the cantilever loaded in the figure. Draw the shear force and…

A: Find support reaction and draw shear and bending moment diagram.

Q: Determine the x- and y-coordinates of the centroid of the shaded area. 95 120 95 -140- Dimensions in…

Q: Solve for the reactions and draw the shear and moment diagram. (5) SN kN-m

Q: The homogeneous bar shown is supported by a smooth pin at C and a cable that runs from A to B around…

Q: Draw the shear and moment diagrams for the following beams. Show values at points that is…

A: To draw SFD and BMD

Q: A sand sample has a porosity of 30% and specific gravity of solids as 2.6. What is its degree of…

A: given- porosity n=30%G=2.6moisture content w=4.94%

Q: Oil (SG oil = 0.95) flows at 200 L/s through a 200mm diameter pipe, 500m long. Friction factor is…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: Locate the centroid of the area shown in the figure by direct integration. (Caution: Carefully…

A: We have to locate the centroid of the area by direct integration.

Q: Calculate the value of the moment reaction at A of the beam shown below. If the direction is…

A: Given data

Q: Water is flowing with a velocity of at 12 m3/s through a rectangular open channel that is 5 m wide…

Q: A circular metallic rod of length 250 mm is placed between two rigid immovable walls as shown in the…

Q: The soil with specific gravity (Gs) of 2.61 has a water content of 45%. The void ratio is 0.67, and…

A: Given that Dry density = 16kN/m3 void ratio e = 1.67

Q: Beam line below is part of an interior frame resisting a factored distributed load of w,8 klf All…

A: Size of beam: 15" x 24"Size of column: 24" x 24" Moment of inertia for beam and…

Q: 15 Which of the following best represents the bending moment diagram corresponding to the shear…

Q: Determine the coordinates of the centroid of the trapezoidal area shown. Assume a = 240 mm, b = 375…

Q: Question 3 Draw the shear and moment curves label the maximum values of shear and moment. Given: MN…

Q: What is the value of the moment at B, in N-m? P(N)=450

A: Given, P= 450 N let vertical reactions at A and C be VA and VC respectively (↑)

Q: Determine the degree of consolidation in the horizontal direction only for the cl

Q: Question 3 A beam of a square cross-section (4 cm x 4 cm) is 5 kN/m loaded as shown in figure 3. If…

A: A)

Q: h₁ 3 Water process fluid h₂

Q: The following data were recorded from FDT on subgrade using sand replacement method. Calculate the…

A: Using formula

Q: Problem 4.50 The chain AB exerts a force of 20 lb on the door at B. (Figure 1) Figure 1 of 1 26 3 ft…

A: Given :

Q: 2. A brass sphere (sp. gr. 8.60) is placed in body of mercury. If the diameter of the sphere is 30…

A: For the given brass sphere,

Q: 14. Water is pumped from one tank to another through a 0.100 m smooth plastic tube. The flow rate is…

A: Given :

Q: The following statement is not true, EXCEPT: * Site clearing in urban area composed of three major…

A: This Question is from transportation Here four statement regarding site clearance for Highway…

Q: Draw the shear and moment curves label the maximum value of the moment k Blank 1 10'- Blank 2 P=SN…

Q: Please round to the nearest One (i.e., 1). Calculate the compacted cubic yards per hour if a…

Q: If the axial force acting on a beam is less than ____ percent of the gross axial capacity, the beam…

A: Concept- A tension-controlled section- When the strain in the lowermost layer of steel is greater…

Q: In a reinforced concrete section, the stress at the extreme fibre is compression is 5.80 MPa. The…

Q: A circular plate 3m in diameter is submerged vertically in water such its upper edge is 12 m below…

Q: A simple T-beam with bf-600mm h-500mm hf-100mm, bw-300mm with a span of 3m, reinforced by 5-20mm…

A: HI! Thank you for the question. As per the honor code. We’ll answer the first question since the…

Q: A 5 m cantilever beam of cross-section 150 mm x 300 mm weighing 0.05 kl concentrated load of 30 kN…

Q: 67. Find the distance of the centroid from y-axis of the area bounded by the curve x=16y, the line…

Q: 40 mm 30 m 13 rom 24 j 24 jam 27 Determine the moments of inertia I, and I, of the area shown with…

Q: The net buoyancy force acting on the core is?

A: Given data, Alloy density,ρ=2100 kg/m3Cylindrical hole diameter,d= 70 mm=0.7 mlength,l= 70 mm=0.7…

Concept explainers

Cost control

Cost control or management in property or project management is the process by which managers maintain costs under human resource management, assets, and capital expenditure to ensure that the project ends on a budget basis. Cost management depends on reasonable estimates and ongoing monitoring during the project. As a result, good cost control is essential for any construction business that wants to succeed.

Question

100%

1- A project to develop a county park has an actual cost in month 17 of $350,000, a planned cost of $475,000, and a value completed of $300,000.

Find the cost and schedule variances and the three indexes.
($000)

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Trending now

This is a popular solution!

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.

Similar questions

Project Z has a current budget of $20 million. The project is working on a 20-month schedule. After month 6, the following performance data is available: Actual Cost (AC) = $6.5 million; Planned Value (PV) = $6.8 million; Earned Value = $7.1 million. What would be the Estimate at Completion, assuming that current cost performance will continue for the rest of the project?
Please use the sample estimate presented. It must meet the exact total estimated project cost given.
Determine the relationship between unit cost and size for the project data shown to estimate the cost of a2200-m2 project.
Given four proposals for funding a new project with a 100M limit on capital funding and the MARR is established at 12% per year. Project First Cost Estimated Annual Savings Project Life, Years W 12M 5M 25M 7.3M Y 45M 12.1M 60M 9M 8 Use the exact internal rate of return method to determine which of the four independent projects should be funded. Write the value of the acceptable project accordingly/in sequence (W/X/Y/Z). ANSWER for ALTERNATIVE 1: Blank 1 ANSWER for ALTERNATIVE 2: Blank 2 Blank 1 Add your answer Blank 2 Add your answer
B. Find the weighted unit cost per square meter for the project data shown and determine the cost of a 2700-m2 project. Project No. Total cost (LE) Size, m? 147,300 153,700 128,100 118,400 135,700 2580 2900 2100 1 2 3 4 1850 5 2300 C. Determine the relationship between unit cost and size for the project data shown in Problem 2 to estimate the cost of a2200-m2 project.
B. Given Table Construction Economic Trends 5 years ago 4 years ago 3 years ago 2 years ago 1 year ago Current Year 438 415 368 369 333 378 Location Cost Indices City A City B City C City D 1.033 1.125 1.278 1.345 Suppose that the construction cost of a project completed at city C is LE3,357,890, it is required to prepare a conceptual estimate for a similar project proposed in city A. (
,4 A fence 18 feet by 18 feet is being built for $72,000.00 in 4 weeks. During week 2, 30’ feet has been completed and & $36,000.00 has been spent. Calculate the following:• Estimate to Completion (ETC) • Variance at Completion (VAC)• To Complete Performance Index (TCPI).
Determine the probability that the project will take longer than 50 weeks
Financial data of a highway construction project is given . You are questioned to develop a plan such that both cost and project duration would be at optimum status. A,C,E,H are the activities that have no float. Office rent $ 50/- per day Bills $ 30/- per day Miscellaneous expenses $78/- per day
Prepare resources allocation planning for smartpen project.
Develop a programming budget estimate for a 100,000 square-foot warehouse, assuming a square-foot cost factor of $60 per square foot. The site will be about 200,000 square feet with a site development cost of $3 per square foot. Use the following allowances to prepare your budget estimate: - Owner-furnished FFE: $1,000,000 - Owner soft costs: $800,000 - Programming fees: $50,000 - Geotechnical Investigation: $390,000
CONSTRUCTION METHOD AND PROJECT MANAGEMENT 2. The owner of a shopping center is considering modernizing and expanding the current 32-business shopping complex. He hopes to add 8 to 10 new business or tenants to the shopping complex. The specific activities that make up the expansion project, together with information on immediate predecessor and completion time, are listed in the following table. Construct the network based on the table of information. Activity A B C D E F G H I Immediate Predecessor A A A E D, F B, C G, H Completion Time (Weeks) 5 6 4 3 1 4 14 12 2