#1) Data for a project is given below.

NOTE:

1. The project started on February 1st and is (currently) at the end of June.
2. The project has a planned duration of 6 months.
3. The table below provides Planned Cost (in thousands) for each activity (A through G) for the months of February through July.
4. The table below provides Actual Cost (in thousands) incurred for the months of February through June.
5. Use percent completion rule in your calculations.

1. Compute Critical Ratio for the project. What can be done to improve Critical ratio for the project? Explain. (6 points)
2. Based on current cost performance level, what is the expected cost savings in completing the project? (3 points)
3. Based on current schedule performance level, how much more time (in months) is needed to complete the project? (3 points)

(Months) Activity Duration 2.00 1.00 2.00 mowo Budget OR Plnd. Cost (thousands 15.00 5.00 10.00 21.00 32.00 5.00 5.00 % Completed 1.00 1.00 1.00 0.50 0.50 0.50 0.50 3.00 2.00 1.00 1.00 Act. March Apr May Jun Jul 7.50 Duration Feb (Months) 2.00 | 7.50 1.00 2.00 3.00 2.00 1.00 1.00 13.00 5.00 5.00 7.00 5.00 7.00 16.00 7.00 16.00 5.00 5.00 15.00 Actual Cost (AC) 13.00 14.00 9.00