Project Management-PROJ 592-Activity A is 60% complete at a cost so far of $50,000.

Question 1:-

Your project is progressing well in your estimation. Your team has collected the following data. From these data, calculate the project’s ETC.

Activity A is 60% complete at a cost so far of $50,000. It was estimated to cost $200,000 when finished. It is at the end of Week 3 of 5. Activity B is 85% complete at a cost so far of $150,000. It was estimated to cost $80,000 when finished. It is at the end of Week 4 of 5. Activity C is complete at a cost so far of $110,000. It was estimated to cost $100,000 when finished. Assume spending will continue at the same rate.

Question 2

You are the project manager assigned to oversee the installation of an online professional development system. This is an off the shelf package which is expected to take 120 days to complete. The total cost per day is $2,666. After 75 days the project is 61% complete and $230,000 has been spent. What is the estimate to complete (ETC). Is the project over budget or under budget?