Project Z has a current budget of $20 million. The project is working on a 20-month schedule. After month 6, the following performance data is available: Actual Cost (AC) = $6.5 million; Planned Value (PV) = $6.8 million; Earned Value = $7.1 million. What would be the Estimate at Completion, assuming that current cost performance will continue for the rest of the project?

Project Z has a current budget of $20 million. The project is working on a 20-month schedule. After month 6, the following performance data is available: Actual Cost (AC) = $6.5 million; Planned Value (PV) = $6.8 million; Earned Value = $7.1 million. What would be the Estimate at Completion, assuming that current cost performance will continue for the rest of the project?

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 19P

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