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Assuming the following information: At the end of month 1 of construction, an approved change order increased the cost of construction of that month by
Assuming the following information:
- At the end of month 1 of construction, an approved change order increased the cost of construction of that month by half of 1 percent
- At the beginning of month 2, extra heavy rain partly flooded the facility which meant that water pumps needed to be brought to site to drain out the excess water, at a cost of 5,000. This event delayed construction activities for a week.
- At end of month 2, a price escalation of $20,000 was incurred to mitigate a bug problem found on the soil to be used to grow the product, due to the heavy rains mentioned earlier, further delaying the project by another week
- At the end of month 3, the project is behind 8% overall. Total work done is estimated to be 22% instead of 30% from the original plan.
- During month 4, extra help was hired to try to bring the project in line with the original schedule. This resulted in additional costs of $25,000 for extra workers and overtime pay. The contractor was able to make up 50% of the amount of time the project was behind.
- During month 5, the contractor lost a few workers due to the start of school activities for many of them. The contractor could not complete about 20% of the scheduled work for the month.
- During month 7, legal issues with the farmer due to a dispute about who would pay for water access infrastructure updates resulted in $15,000 in legal fees and an additional $10,000 to redirect and upgrade underground water pipes to provide water for the greenhouse. 20% of the scheduled amount of work for the month could not be completed due to this dispute.
- During month 8, an industrial water softener had to be purchased and installed on the facility to replace the old one, at a cost of $15,000. This was an approved change order which caused the project to be delayed by an additional 10% of planned schedule for the month.
- Months #9 & 10 went as planned
Provide the following in table format for each and every month of construction, starting on month 0 (April):
- How long is the project behind schedule, as a percentage of the total amount of work
- BAC
- BCWS
- BCWP
- ACWP
- SV
- CV
- DCWP
- Expenditure Variance
- SPI
- EAC (use the same formula provided on the lab)
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