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You have been recruited as the project manager by GhanaCorp who are building 2 classroom blocks for a community in the Western Region. The cost

You have been recruited as the project manager by GhanaCorp who are building 2 classroom blocks for a community in the Western Region. The cost of the project is estimated at 11 million Ghana cedis each and is expected to be completed within a year. An evaluation by external experts showed that only 1 classroom block has been completed after 10 months and a total of 19 million Ghana cedis has been spent so far. Calculate the Schedule Variance and Cost Variance for the project. Suggest what he must be done to control the situation. Discuss the strength and weakness of using the above method for project controlling. 5. GhanaCorp is considering the purchase of an earth-moving plant for Ghc10,000 which is expected to work for 4 years. The terminal value will be Ghc1,000. The company expects a net cash inflow of Ghc3,000. With a discount factor used for the investment appraisal of 15%, Calculate the NPV. Explain whether or not the company should invest in the equipment

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