Question: Answer ALL questions using the information below. The highway project in Section B has now been approved for further detailed planning and design by the

Answer ALL questions using the information below.
The highway project in Section B has now been approved for further detailed planning and design by the GOJ. However, the residents in the towns of Ulster Spring, Joe Hut and Albert Town are concerned that the roadway may negatively affect their local businesses during construction throughtraffic obstruction, noise and dust levels.
This projects budget at $600,000 and its cost data for four major activities are shown below:
Activities PV/$ %Complete Actual Cost /$
A 100,000100%90,000
B 100,00080%180,000
C 200,00020%30,000
Note show all answers to 2 decimal places.
6. In light of these concerns, outline and explain three (3) opportunities that the project manager can present to the residents of these towns. (6 marks)
7. What relationship between project risks and cost of changes for the research project might be expected in its life cycle?(2 marks)
8. Calculate the cost variance (CV) and cost performance index (CPI) for the project. (5 marks)
9. This projects budget is $600,000.Calculate the estimate at completion (EAC) for the project.
(1 mark)
10. What is the variance at completion (VAC)?(1 mark)
11. What can you say about the cost performance of the project? (1 mark)
12. The contractor reduces the original planned value of activity C by a half, and completes 60% of the work.
What is the schedule performance index (SPI) of activity C with the contractors reduction? (3 marks)

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