Question: A project proposal was made to construct a warehouse building for a sum of 75,000.00 USD. Total construction period forecasted was Three (03) moths commencing

A project proposal was made to construct a warehouse building for a sum of 75,000.00 USD. Total construction period forecasted was Three (03) moths commencing from 10th July 2021. Project manager has planned to complete 40% of the project at the end of 1st month. But the completed value of work done after one month is 27% only. Actual cost at the end of first month is 27,500.00 USD. Treat 10th August 2021 as the status day.

When the project is planned to complete 75% after 10 weeks (2 1/2 months) the progress is same as the progress after 1st month and the actual cost at the end of 10 weeks is 42,750.00 USD. Advise the client regarding the project with

(i) Earned Value ( EV) (ii) Planned Value( PV) (iii) Cost Performance Index (CPI) (iv) Schedule Performance Index (SPI) (v) Cost variance ( CV) (vi) Schedule variance(SV) Show all above in diagram drawn with cost against time.

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