Answer:
The earned value of the project=$12,000
Explanation:
The budget for the project is as follows;
Number of houses painted=number of houses every 2 weeks×number of weeks
where;
1 house every 2 weeks=0.5 houses per week
Number of weeks=5 weeks
replacing;
Number of houses painted=(0.5×5)=2.5 houses should be painted after 5 weeks
But since three houses have been painted, we adopt the cost per number of houses painted instead of the cost per week. The earned value of the project is as follows;
Earned value=Budget per house×number of houses painted
where;
Budget per house=$4,000
Number of houses painted=3
replacing;
Earned value=(3×4,000)=12,000
The earned value of the project=$12,000
