InformationTechnology Project Managem Scenario:

* Suppose you just signed a contract with a consulting firm called Dr. Petes Consulting for developing an IS.

*Project Budget, Schedule, Tasks:

# $10,000

# 3 months

# 10 Tasks

- $1,000 per task

- 4 tasks 1^st month

- 3 tasks 2^nd month

- 3 tasks 3^rd month

At the end of Month 1, you receive the following invoice:

Invoice

Dr. Petes Consulting

Amount Due: $5,000

Payment Due: Immediately

Work Completed for Month 1

Task 1: $2,000

Task 2: $1,000

Task 3: $2,000

Questions to answer:

1.How is the project doing regarding budget and schedule?

2.What is the estimate at completion (EAC) assuming variances encountered will likely continue for the remainder of the project?