Now look back across all three forecasts and your interpretations described above. The objective of an updated cost forecast is to provide the most reasonable, accurate forecast of the expected endpoint. Given the limited information you have, which of these three forecasts do you feel provides the most accurate forecast of the FCAC for the respective project segment? Why did you select that segment?

Updated Forecast Cost At Completion - Thousands of Dollars Garden State E-Street Thunder Road 10th Avenue Exit Parkway On-Ramp Overpass Improvements Thousands Thousands Thousands Baseline Actual Baseline Actual Baseline Actual Calendar Project and Plan and Plan and Month Month Budget Forecast Budget Forecast Budget Forecast July 1 $150 $141 $200 $196 $300 $328 Aug 2 $100 $94 $125 $126 $240 $252 Sep 3 $100 $90 $125 $123 $240 $256 Plan Oct 4 $100 $125 $180 $240 $254 Nov 5 $100 $92 $93 $90 $125 $124 $240 $251 Dec 6 $100 $125 $126 $240 $255 Jan 7 $100 $100 $125 $125 $240 $224 Feb 8 $100 $125 $240 $224 $100 $100 $125 $125 Mar 9 $240 $224 $100 $100 Apr 10 $100 $125 $240 $224 May 11 $100 $100 $125 $125 $125 $125 $1,575 $125 $240 $224 June 12 $240 $224 Total Budget and updated FCAC $100 $1,250 Baseline Plan Budget $100 $1,200 Updated FCAC $125 $1,625 Updated FCAC Baseline Plan Budget $2,940 Baseline Plan Budget $2,940 Updated FCAC