The update on day 5 (data date) is: • Activity A: Work performed = 45%, Actual c
ID: 452046 • Letter: T
Question
The update on day 5 (data date) is: • Activity A: Work performed = 45%, Actual cost of work performed $4,300 • Activity B: Started 2 days late, and will complete in 3 more days. Actual cost of work performed $8,000 Is the project ahead/behind schedule? (express it in $ value) Is the project over/under budget? What % complete is the project?
The update on day 5 (data date) is: middot Activity A: Work performed = 45%, Actual cost of work performed $4,300 middot Activity B: Started 2 days late, and will complete in 3 more days. Actual cost of work performed $8,000 Is the project ahead/behind schedule? (express it in $ value) Is the project over/under budget? What % complete is the project?Explanation / Answer
For Activity A: 45% of the work performed amounts to $4300. Therefore the total cost of the project is (100*4300)/45=$9555.55
For activity B: As it is the update on day 5, the project started 2 days late, and has been done only for 3days. Amount completed in 3 days = $8000. Since the project will be completed in 3 more days, another $8000 will be require.
Activity A is behing schedule by 10% that equates to 9555.55 / 20 = $955.55
% of project completed at the half way mark = (45+50)/2 = 47.5% at the half way mark.
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