Simon is managing a simple project that involves painting the inside of a square room. On this project, only four walls will be painted. The project will last four days and one wall a day will be painted at the budgeted cost of 50 per wall. At the end of day 2, Simon reports the following status: 3 walls are complete and, so far the total expenses are 120. What is the planned value (PV)? 120 100 50 150

Question

Simon is managing a simple project that involves painting the inside of a square room. On this project, only four walls will be painted. The project will last four days and one wall a day will be painted at the budgeted cost of 50 per wall. At the end of day 2, Simon reports the following status: 3 walls are complete and, so far the total expenses are 120. What is the planned value (PV)? 120 100 50 150

Answer 1

## Step 1: Understand the problemThe problem is asking to calculate the Planned Value (PV) of Simon's project. PV is the estimated cost for the work planned or scheduled. In this case, the work planned is painting four walls, with each wall costing

## Step 3: Substitute the values into the formulaIn this case, the number of units planned is 4 walls and the cost per unit is $50. ###

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