Info

2. ESTIMATE AT COMPLETION (EAC)

EAC = (360/340) x $579,000 = $613,059 Overrun = 613,059 - 579,000 = $34,059

3. COST SUMMARY

Costs are running approximately 5.9% over budget because of higher-salaried labor.

4. SCHEDULE SUMMARY

The 24.4% behind-schedule condition is due to subtasks 4 and 6, which have not yet begun owing to lack of raw materials and the 50/50 method for booking costs. Overtime will get us back on schedule but at an additional cost of 2.5% of direct labor costs.

5. MILESTONE REPORT

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

Get My Free Ebook


Post a comment