The KwaZulu-Natal Provincial Department has embarked on a multi-million rand Transport Rehabilitation Initiative (TRI). The initiative has been identified as one that will ensure that the transportation networks and systems of the province will be categorized as being world class by year 2020. This will however include a series of projects that will encompass the construction of bridges, dual carriageways, railway networks, ports and airports. One of the first projects that will be carried out under the initiative will be the expansion of the Durban Port, this is aimed at increasing its current holding capacity and overall operational efficiency. The KwaZulu-Natal MEC of Transport has indicated that the success of TRI heavily depends on the efficient management of the different projects of the initiative. One of the project initiatives includes the mounting of a filter system which is aimed at reducing air pollution during the series of the projects that will be performed. The Department of Environmental Affairs has given the TRI team16 weeks to install a complex air filter system and it has warned that it may be forced to discontinue the project unless the filter system is stored, within the allocated period. Jacob Naude, the project manager wants to ensure that the installation of the filtering system progresses smoothly and on time. He has therefore identified eight activities and their estimated times (weeks) that need to be completed in order for the project to be successfully completed. When the project begins two activities can be simultaneously started, building the internal components for the device (Activity A- 2 weeks) and the modifications necessary for the floor and the roof (Activity B- 3 weeks). The construction of the collection stack (Activity C- 2 weeks) can begin when the internal components are completed. Pouring of the concrete floor and installation of the frame (Activity D- 4 weeks) can be started as soon as the internal components are completed and the roof and the floor have been modified. After the collection stack has been constructed, two activities can begin: building the high temperature burner (Activity E- 4 weeks) and installing the pollution control system (Activity F- 3 weeks). The air pollution device can be installed (Activity G- 5 weeks) after the concrete floor has been poured, the frame has been installed, and the high temperature burner has been built. Finally, after the control system and pollution device has been installed, the system can be inspected and tested (Activity H- 2 weeks).

QUESTION 3 (20 Marks) The following information is available for Project A PV= R250 000; EV= R175 000; AC= 275 000; BAC= R600 000 Given the above information calculate and describe the results of each of the following;

i. SV (3 marks)

ii. CV (3 marks)

iii. SPI (3 marks)

iv. CPI (3 marks)

v. ETC (4 marks)

vi. EAC (4 marks)