The WIP report uses the revised contract value and the value of construction
The Gantt chart is used to define the project schedule (WBS, Tasks, durations, and task dependencies), while the EVM worksheet is used for planning and tracking ...
Electrical. No activities scheduled. Interior. No activities scheduled. Roofing. No activities ...
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The quantity value is what is used to progress the rule gradually forward as
(EVM) was developed by the Defence Department (DoD) to track its ...
20/80 Rule – used to track higher value tasks that takes a longer time to
In this case, that contractor actually spent. $120 to complete 80% of the work that was planned to be worth $100. The contractor only earned $80. The actual value ...
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For being late, the penalty on either contractor is $10,000.