Question: Part 4 : Part A 1 . How is the project progressing in terms of cost and schedule? The project is lagging behind its schedule

Part 4:
Part A
1. How is the project progressing in terms of cost and schedule?
The project is lagging behind its schedule and exceeding its budget. As of today, August 23,2023, the project has reached 20% completion, falling short of the expected 30% milestone for this date. Additionally, it is running $10,000 over budget.
2. What activities have gone well? What activities have not gone well?
The design and development phases have been successful, being completed on schedule and within budget. However, the manufacturing and testing phases have encountered difficulties, as they are currently lagging behind schedule and exceeding the allocated budget.
3. How much of the project has been accomplished (PCIB)?
The percentage of the project that has been accomplished (PCIB) is 20%.
4. What is the forecasted cost at completion (EAC)?
The forecasted cost at completion (EAC) is $120,000.
5. What is the estimated completion date?
The estimated completion date is October 15,2023.
6. How is the project doing in terms of priorities (see Part 1)?
The project is struggling to prioritize effectively. Delays and budgetary overruns in the manufacturing and testing phases are impeding the project's overall advancement.

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