A Project Is Planned To Be Completed In 9 Months With A Budget Of $250,000. After The First Month, The Following Data Is Collected: Planned Expenditure = $50,000 Actual Cost Spent = $60,000 The Project Manager Estimates That 95% Of The Work Planned Has Been Completed In The First Month, I.E. Work Done In The First Month Is More Than Planned. Calculate
A project is planned to be completed in 9 months with a budget of $250,000. After the first month, the following data is collected:
planned expenditure = $50,000
actual cost spent = $60,000
The project manager estimates that 95% of the work planned has been completed in the first month, i.e. work done in the first month is more than planned. Calculate the Earned Value (2 marks), Revised Duration (4 marks) and Revised Budget (4 marks) for the project, showing all workings.
