Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Mr Max has a project that he has estimated to be costing $25,000 and which needs to be completed on 15th December 2022. He has
Mr Max has a project that he has estimated to be costing $25,000 and which needs to be completed on 15th December 2022. He has also calculated the actual cost at the end of September 2022 to $18,500. The remaining 20 percent work needs to be completed as soon as possible to maintain the completion due date. What are the cost and schedule variances at this stage? If the original project duration was 18 months and the total budget was $35,000, Calculate the estimated cost of completion and estimated time to complete.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started