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A homeowner hires a contractor to tile five identical rooms in her home. She purchased the tiles. The contractor is only being paid for his labor. Because the tiles are unusually shaped and hard to install, he assumes two days per room. His rate is $100 per hour. Overtime will be paid at the same rate. The planned cost is $8,000. Assumption: 1 work day = 8 hours Provide the information that will be presented to the homeowner at the end of the first week including: Planned Value, Earned Value, Budget at Completion, Cost Variance, Schedule Variance, Variance at Completion, Cost performance Index, Schedule Performance Index, Estimate at Completion, and Estimate to Complete. You MUST show ALL of your work.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93114969

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