Question: QUESTION 4 [8] The baseline time estimate for the completion of a sports field at centurion primary is 20 weeks and the baseline cost estimate

 QUESTION 4 [8] The baseline time estimate for the completion of

QUESTION 4 [8] The baseline time estimate for the completion of a sports field at centurion primary is 20 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 6 weeks and it will cost R 20000 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 R20 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 R22 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)

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