Hello! I have a question about this case study. In what sense does the vice president make correct comments about the projection of the project? Since his comments about the cost and schedule variances were correct, I am wondering if the forecasting was the missing information that he should have included in his comment about the status report. This is his comment about the status report (Data attached)

"A week after sending the status report to Hamilton Industries, XYZ's project manager was asked to attend an emergency meeting requested by Hamilton's vice president for engineering, who was functioning as the project sponsor. The vice president was threatening to cancel the project because of poor performance. At the meeting, the vice president commented, "Over the past month, the cost variance overrun has increased by 78 percent from $14,000 to $25,000, and the schedule variance slippage has increased by 45 percent from $31,000 to $45,000. At these rates, we are easily looking at a 500 percent cost overrun and a schedule slippage of at least one year. We cannot afford to let this project continue at this lackluster performance rate. If we cannot develop a plan to control time and cost any better than we have in the past three months, then I will just cancel the contract now, and we will find another contractor who can perform."

Did I do the computation right for the forecasting (Based on the picture attached below, or instead of computing the EAC I should've checked the TCPI for BAC and see if it can be efficient at the current budget they have BAC =$2,882,250 (Target price [$2.70M] +Fixed fee [6.75% of the target price])

EAC (using method 4) = $3,680,869.04

2:10 PM Sat Aug 6 . . .