Question: Data on a project based on network calculation methods using planned duration and data on budgeted cost, actual duration, and actual cost for completed activities

Data on a project based on network calculation methods using planned duration and data on budgeted cost, actual duration, and actual cost for completed activities is below. Note that updated start and finish calculation is required for a portion of the question.

Activity

Predecessor

CPM Calculated Planned Start

Planned Duration

CPM Planned Finish

Activity Budget Cost

Actual Duration

Actual Cost

A

0

3

3

3,000

4

3,400

B

A

3

4

7

8,400

5

9,600

C

B

7

5

12

4,500

4

4,800

D

C

12

6

18

6,600

E

D

18

5

23

3,500

F

E

23

4

27

3,600

G

F

27

4

31

10,000

H

G

31

2

33

1,800

a. What is the planned cumulative budgeted cost at the end of day 14?

b. Based on the actual finish times what is the actual cost at the end of day 14 including estimates of costs based on planned cost for activities in progress on that day assuming the project is executed on a soon as possible schedule?

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