Problem $8.$

Dranoff Corporation is currently working on ArtHaus Condo project with an estimated project budget of $$3\mathrm{.}5$ Million and a planned duration of $24$ months.

After $12$ months, you have the following information about the project.

PV$=$ $$1,750,000$

EV$=$ $$985,000$

AC$=$ $$1,200,000$

Calculate SV$,$ CV$,$ SPI, CPI, estimated time to completion, estimated cost to completion, and discuss the project$$s performance. $($Method: Excel, Points: $10)$

Time EV SV AC CV PV SPI CPI

$12$ months $$985,000($$$765,000)$ $$1,200,000($$$215,000)$ $$1,750,0000\mathrm{.}5628571430\mathrm{.}820833333$

Estimated time to completion $=$

estimated cost to completion $=$

$3,063,959$

$$4,263,959$