Question: QUESTION 4 [8] The baseline time estimate for the completion of a community hall in Mhluzi in Middelburg is 32 weeks and the baseline cost
QUESTION 4 [8] The baseline time estimate for the completion of a community hall in Mhluzi in Middelburg is 32 weeks and the baseline cost estimate is R100 000. Assume that the risk likelihood for the project is 0.3, if the risk is materialized the project would be delayed by 7 weeks and it will cost R 20 000 more. 4.1. Calculate risk time (RT) (2) 4.2. Risk cost (RC), (2) 4.3. Expected project completion time (ET) (2) 4.4. Expected project completion cost (EC). (2) QUESTION 5 [10] For a particular work package, the budgeted cost as of 1 October is R19 000. Assume that as of 1 September, you as the project manager determines that only 85 % of the scheduled work has been completed and the actual expense is R21 000. 5.2.1. Determine the BCWP, BCWS, and ACWP. (3) 5.2.2. Calculate AV, SV, CV, SPI, and CPI for the work package. Explain the progress made. (7) QUESTION 6 [6] Conflict is inevitable in any project, however, it is not always detrimental to the project. Discuss (6) ways in which conflict can be beneficial to the project in assessment 3. (6)
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