You are working as a project analyst for the local gas utility, and you have been placed on a project to install an 11,000 foot segment of gas transmission line. The initial schedule called for 500 feet of pipeline to be installed each week, with the total construction cost projected to be $25 million. After 8 weeks, 4750' of pipeline has been installed at a cost of $11.25 million.
a. What is the original estimated duration of the project?
b. What is the expected duration given productivity experienced? What is the earned value after 8 weeks?
c. Is the project over or under budget after 8 weeks? By how much?
d. Is the project ahead or behind schedule? By how much relative to the original schedule?
e. What is the forecast final cost of the project?