Solution a:
At the end of 15 months the actual completion of construction is 80% and cost incurred is $8,120. As per budget 80% completion will cost $9,180. Current Cost underrun is $1060.
Solution b: At the end of 15 months the project is far ahead of the schedule by a difference of 10%. As per schedule 70% completion was planned but in actuals its 80% completed.
Spot Construction builds roads, bridges, and other infrastructure. The following is the budget for a road...
Spot Construction builds roads, bridges, and other infrastructure. The following is the budget for a road project along with the actual results in thousands of dollars) for the last fifteen months. Month 1 2 3 Budget Cost Complete 0.0% $ 510 5.0% $ 1,020 10.0% $ 1,530 15.0% $ 2,040 20.0% $ 2,550 25.0% $ 3,060 30.0% $ 3,570 35.0% $ 4,080 40.% $ 4,590 45.0% $ 5,100 50.0% $ 5,610 55.0% $ 6,120 60.0% $ 6,630 63.3% $ 7,140...
Spot Construction builds roads, bridges, and other infrastructure. The following is the budget for a road project along with the actual results (in thousands of dollars) for the last fifteen months. Month 1 m in Actual Cost Complete $ 0 0.0% $ 700 5.5% $ 1,160 11.2% $ 1,820 13.4% $ 2,270 21.6% $ 2,810 27.5% $ 3,190 34.0% $ 3,870 36.5% $ 4,200 45.0% $ 4,710 48.8% $ 5,400 53.4% $ 5,920 56.7% $ 6,300 62.3% $ 7,190 70.0%...