Use the data to calculate the earned value for the project.All amounts are in thousands of dollars. Duration (weeks)
$$\begin{array} { | l | l | l | l | l | l | l | }
\hline & 5 & 10 & 15 & 20 & 25 &\%\mathrm { Cormp } \
\hline \text { Conceptual desiern } & 10 & 6 & & & & 100 \% \
\hline \text { Craphics desigrl } & & 12 & 6 & 4 & & 100 \% \
\hline \text { Copyright } & & & 4 & 5 & 6 & 25 \% \
\hline \text { Zarmples } & & & 4 & 2 & & 30 \% \
\hline \text { Toolirg } & & & 6 & 9 & 4 & 10 \% \
\hline \text { Production } & & & 2 & 6 & 14 & 5 \% \
\hline \text { Total } & 10 & 18 & 22 & 26 & 24 & \
\hline \text { Currulative } & 10 & 28 & 50 & 76 & 100 & \
\hline
\end{array}$$
A)$38,500
B)$46,550
C)$56,750
D)$61,125

Question

Use the data to calculate the earned value for the project.All amounts are in thousands of dollars. Duration (weeks)
$$\begin{array} { | l | l | l | l | l | l | l | } 
\hline & 5 & 10 & 15 & 20 & 25 &\%\mathrm { Cormp } \
\hline \text { Conceptual desiern } & 10 & 6 & & & & 100 \% \
\hline \text { Craphics desigrl } & & 12 & 6 & 4 & & 100 \% \
\hline \text { Copyright } & & & 4 & 5 & 6 & 25 \% \
\hline \text { Zarmples } & & & 4 & 2 & & 30 \% \
\hline \text { Toolirg } & & & 6 & 9 & 4 & 10 \% \
\hline \text { Production } & & & 2 & 6 & 14 & 5 \% \
\hline \text { Total } & 10 & 18 & 22 & 26 & 24 & \
\hline \text { Currulative } & 10 & 28 & 50 & 76 & 100 & \
\hline
\end{array}$$
A)$38,500
B)$46,550
C)$56,750
D)$61,125

Quizplus · Accepted Answer

Earned Value (EV) is calculated by multiplying the percentage completion of each component by its total budget. The total budget for each component can be determined by summing its allocated budget over the project duration. - Conceptual design: 100% of (10+6) = $16,000- Graphics design: 100% of (12+6+4) = $22,000- Copyright: 25% of (4+5+6) = $3,750- Samples: 30% of (4+2) = $1,800- Tooling: 10% of (6+9+4) = $1,900- Production: 5% of (2+6+14) = $1,100Adding these values gives the Earned Value (EV) = $16,000 + $22,000 + $3,750 + $1,800 + $1,900 + $1,100 = $46,550.

Use the Data to Calculate the Earned Value for the Project.All