"You are a project manager for a 10,000 sf industrial garage project in Toronto with a contract value of $1,350,000 and contract duration of 6 months. You are preparing status report for the project at the end of Month 3. The following progress data is available. What would be the forecast for estimate at completion for the project as of this reporting period? Use the CPI method of forecasting."

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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Question 4
"You are a project manager for a 10,000 sf industrial garage project in Toronto with a contract value of $1,350,000 and a contract duration of 6 months. You are preparing a status report for the
project at the end of Month 3. The following progress data is available. What would be the forecast for estimate at completion for the project as of this reporting period? Use the CPI method of
forecasting."
PROJECT
PLANNED DURATION
REPORTING PERIOD
Project Progress Data
Planned Value (PV)
Earned Value (EV)
Actual Cost (AC)
O "$1,080,000"
"$1,215,000"
O "$1,323,000"
O "$1,161,000"
INDUSTRIAL BUILDING
6 MONTHS
MONTH 3
Month 1
$225,000
$250,000
$225,000
Month 2
$225,000
$250,000
$225,000
Month 3
$225,000
$250,000
$225,000
Month 4
$225,000
Month 5
$225,000
Month 6
$225,000
Transcribed Image Text:Question 4 "You are a project manager for a 10,000 sf industrial garage project in Toronto with a contract value of $1,350,000 and a contract duration of 6 months. You are preparing a status report for the project at the end of Month 3. The following progress data is available. What would be the forecast for estimate at completion for the project as of this reporting period? Use the CPI method of forecasting." PROJECT PLANNED DURATION REPORTING PERIOD Project Progress Data Planned Value (PV) Earned Value (EV) Actual Cost (AC) O "$1,080,000" "$1,215,000" O "$1,323,000" O "$1,161,000" INDUSTRIAL BUILDING 6 MONTHS MONTH 3 Month 1 $225,000 $250,000 $225,000 Month 2 $225,000 $250,000 $225,000 Month 3 $225,000 $250,000 $225,000 Month 4 $225,000 Month 5 $225,000 Month 6 $225,000
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