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 theproject 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 offorecasting."PROJECTPLANNED DURATIONREPORTING PERIODProject Progress DataPlanned Value (PV)Earned Value (EV)Actual Cost (AC)O "$1,080,000""$1,215,000"O "$1,323,000"O "$1,161,000"INDUSTRIAL BUILDING6 MONTHSMONTH 3Month 1$225,000$250,000$225,000Month 2$225,000$250,000$225,000Month 3$225,000$250,000$225,000Month 4$225,000Month 5$225,000Month 6$225,000

Here, I would determine the Total Planned value, Total earned value and total actual cost at the end…

Answered: "You are a project manager for a 10,000…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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