Question: Mr Max has a project that he has estimated to be costing $25,000 and which needs to be completed on 15th December 2022. He has
Mr Max has a project that he has estimated to be costing $25,000 and which needs to be completed on 15th December 2022. He has also calculated the actual cost at the end of September 2022 to $18,500. The remaining 20 percent work needs to be completed as soon as possible to maintain the completion due date. What are the cost and schedule variances at this stage? If the original project duration was 18 months and the total budget was $35,000, Calculate the estimated cost of completion and estimated time to complete.
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