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A Water Project in a community has been estimated to cost a total of GH¢70,000.00, and to be completed in a space of 8 months. The project commenced on September 1, 2017. The budgeted cost of work scheduled is GH¢60,000.00. As at August 31, the actual cost of work performed stands at GH¢50,000.00 and the cost variance is GH¢4,000.00. Use this information to answer questions 11 to 14.
1. What is the value of all the work that has been completed as at August 31? …………………………………………………………………………..
2. What is the percentage of the total work that has been completed? ………………..
3. Find the Schedule Variance (SV)…………………………………………….
4. Using the SPI and the CPI indices, what can you say about the project ……………………………
5. Calculate the EAC, and the ETC in terms of cost and time.
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