Industrial Building, Inc., has two project teams installing virtually identical,

Question

Industrial Building, Inc., has two project teams installing virtually identical, four-story commercial buildings for a customer in two separate cities. Both projects have a planned daily cost of 100 and a planned daily earned value of 100. The first 6 days for each team have progressed as follows:

Team A: Team B: Day Earned Value Earned Value Cost Cost 95 95 98 94 10 102 106 109 116 99 126 118 90 92 94 98 104 112 90 95 101 89 105 Compare the two projects in terms of general progress and according to critical ratios

Explanation / Answer

General Progress ratio= Earned value/planned daily value

Cost ratio=Cost/Planned daily cost

Critical Ratio= General progress ratio*cost ratio

Day General Progress ratio A General Progress ratio B Cost ratio A Cost ratio B Critical Ratio A Critical Ratio B 1 0.90 0.90 0.95 0.95 0.85 0.85 2 0.92 0.88 0.98 0.94 0.90 0.83 3 0.94 0.95 1.01 1.02 0.95 0.97 4 0.98 1.01 1.06 1.09 1.04 1.10 5 1.04 0.89 1.16 0.99 1.23 0.88 6 1.12 1.05 1.26 1.18 1.41 1.24

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