GATE CE 2024 Set 2 — Question 19
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Structural Engineering → Construction Management → Cost Estimation
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Question
Consider the following data for a project of 300 days duration.Budgeted Cost of Work Scheduled (BCWS) = Rs. 200
Budgeted Cost of Work Performed (BCWP) = Rs. 150
Actual Cost of Work Performed (ACWP) = Rs. 190The ‘schedule variance’ for the project is
Budgeted Cost of Work Performed (BCWP) = Rs. 150
Actual Cost of Work Performed (ACWP) = Rs. 190The ‘schedule variance’ for the project is
Correct answer
(A) (−)Rs. 50
Solution
Schedule Variance (SV) is defined as the difference between the Budgeted Cost of Work Performed (BCWP) and the Budgeted Cost of Work Scheduled (BCWS).Since the variance is negative, it indicates that the project is behind schedule. The value is expressed in monetary terms (Rs.). Therefore, the schedule variance is (−)Rs. 50.
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