Question: 1. A project you work on has a budgeted cost of $1,20,000. You have 1 year to complete the projec……

1. A project you work on has a budgeted cost of $1,20,000. You have 1 year to complete the project. One month has passed and only 15% of the project was completed instead of the planned completion of 20%. The expenses were found to be $150,000.

a. Is the project over budget? Explain.

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b. Is the behind schedule? Explain.

c. Calculate the estimate time to complete the project.

2. A project you manage is expected to be completed in 16 months at a monthly cost of $20,000. The project is 60% completed after 4 months at a cost of $80,000.

a. Is the project over budget? Explain.

b. Is the behind schedule? Explain.

c. Calculate the estimate time to complete the project.

Expert Answer

answers

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