A project has FOUR tasks A, B, C and D respectively as detailed below. Lets assume its Nov. 28 today and we are doing the analysis up to the current point (today) [monitoring date]. How efficient should this project team be to finish within the allocated budget? Use the earned value approach. Assumptions: Lets say that after discussions with the applicable project team members and inspection of the progress, it was determined that the first task was 80% complete, the second task was 65% complete and task C was completed at 15 % on the monitoring date. Actual cost of first task is $ 37,500, the second task is $ 20,000 and the third task is $ 2,500.

ID	NAME	START	END	BUDGET
A	Procure materials	Nov 1	Dec 5	$40 000
B	Finalise plans	Nov 5	Dec 8	$25 000
C	Finalise resources	Nov 15	Dec 12	$7500
D	Build model	Nov 22	Dec 31	$75 000
TOTAL				$147 500