Tara Smith is managing a condominium project with a stipulated price contract of $15,000,000. The contract duration for the project is 12 months. They are preparing a job cost report at Month 4. The progress data to date indicates that they have completed work valued at 30% of the contract at the actual cost of $5,500,000. Assuming that the work was scheduled uniformly throughout the duration of the project, what would be the percent cost overrun at completion of the project? Use the Earned Value Method." 

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Given Contract Price CP 15000000 Contract Duration 12 months Current Month t 4 Percent Complete PCI ... View the full answer