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Homework Answers
From the tables given in question, we get answers as shown below:
a) Cumulative budgeted cost at the end of week 3 = Sum of total budgeted cost for each activity for each week 3= Total budgeted cost for task 1 for week 1 + Total budgeted cost for task 1 for week 2 + Total budgeted cost for task 2 for week 2 + Total budgeted cost for task 2 for week 3 + Total budgeted cost for task 3 for week 3 (We stop at week 3 since end of week 3 costs are required)
= 15 + 10 + 5 + 10 + 25 = $65 thousands
Hence cumulative budgeted cost at the end of week 3 = $65 thousands
b) Cumulative actual cost at the end of week 3 = Sum of total actual cost for each activity for each week 3 = Actual cost for task 1 for week 1 + Actual cost for task 1 for week 2 + Actual cost for task 2 for week 2 + Actual cost for task 2 for week 3 + Actual cost for task 3 for week 3 (We stop at week 3 since end of week 3 costs are required)
= 20 + 10 + 10 + 15 + 30 = $85 thousands
Hence cumulative actual cost at the end of week 3 = $85 thousands
c) Cumulative earned value at the end of week 3 = 
As seen from table, 100% of task 1 is complete, 100% of task 2 is complete and 90% of task 3 is complete by end of week 3
Total earned value = 100% of total cost of task 1 + 100% of total cost of task 2 + 90% of total cost of task 3
= 100% x 25 + 100% x 20 + 90% x 50 = 25+20+45 = $90 thousands
Hence, cumulative earned value at the end of week 3 = $90 thousands
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