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On June 1 2 th , Delta Corporation was awarded a $ 1 6 0 K contract for Project X . The contract consisted of

On June 12th, Delta Corporation was awarded a $160K contract for Project X. The contract consisted of $143K for labor and materials with the remaining $17K as projected profit. The project started on July 3rd. The Network Logic and Project Planning Budget as developed by the project manager was as follows:
Network Logic:
Starting Node
Ending Node
Duration (Weeks)
A
B
7
A
C
10
A
D
8
B
C
4
B
E
2
C
F
3
D
F
5
E
F
2
F
G
1
Project Planning Budget:
P3 Project Planning Budget.png
On August 27th (8 weeks into project), Deltas CEO received the following status report:
Activity
% Complete
Actual Cost (K's)
Time remaining (Weeks)
AB
100
$ 23.50
0
AC
60
$ 19.20
4
AD
87.5
$ 37.50
1
BC
50
$ 8.00
2
BE
50
$ 5.50
1
The CEO could not identify the real status of the project from this report, even after comparing the report the Project Planning Budget. As such, you have been asked to prepare a better status report (using the format below). to depict the true status of the project including how much profit the project is expected to yield now (after week 8).
Status Report Format:
Activity
Percent Complete
BCWS
BCWP
BCWP (using 50/50 Rule)
ACWP
CV
SV
CV (using 50/50 Rule)
SV (using 50/50 Rule)

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