Question: You are managing a project to build a square shape parking lot fence. The approved budgeted cost of the fence is $15 per linear meter.

You are managing a project to build a square shape parking lot fence. The approved budgeted cost of the fence is $15 per linear meter. The parking lot has four equal sides of 150 meters each. The first fence side also requires the installation of a one meter diameter culvert/pipe under the fence. According to the approved schedule, fencing completion is planned to be 125 linear meters per day. The culvert installation is budgeted to cost $650 and it can be done in parallel with the construction of the first fence side.

After three days of work, the first side of the fence and the culvert are completely installed the second side has 100 meters of fencing installed and $3,000 has been spent in total. At the end of day 3, calculate the following:

a) Calculate EV (show your calculations)

b) Calculate CPI (show your calculations)

c) Calculate SPI (show your calculations)

d) What is the project performance/status at the end of day 3? (Explain your answer)

e) What is the variance at completion? (Show your calculations)

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