Your project is progressing well in your estimation. Your team has collected the

Question

Your project is progressing well in your estimation. Your team has collected the following data. From these data, calculate the project’s ETC.
Activity A is 60% complete at a cost so far of $50,000. It was estimated to cost $200,000 when finished. It is at the end of Week 3 of 5. Activity B is 85% complete at a cost so far of $150,000. It was estimated to cost $80,000 when finished. It is at the end of Week 4 of 5. Activity C is complete at a cost so far of $110,000. It was estimated to cost $100,000 when finished. Assume spending will continue at the same rate.

Explanation / Answer

For Activity A 60% is complete at cost of 50000

Amount required to complete remaining part = 50000*40/60 = 33333.333

For Activity B 85% is complete at cost of 150000

Amount required to complete 15% = 150000*.15/.85 = 26470.588

For Activity C is complete

Projects's estimate to complete = 33333.333+26470.588 = 59803.921

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