Part 1:
Develop the budget for this project by allocating cost over actual work time and the calendar time line. Draw a graph for the time line of the project and the money spent on the project. Assume that the payments to all resources are made on a daily basis.
Part 2:
For the consulting assignment, assume that the total project budget is spent equally on a daily basis and the work done each day contributes equally toward the project completion. You are now at the end of Day 25 of the project, the company has already spent $48,000, and the project has delivered 5% more than planned at the end of Day 25.
What is your assessment of the schedule performance index (SPI) and cost performance index (CPI) of the project? What actions or corrective actions would you want to take, keeping in mind the project performance so far?
How much more money must be spent to complete the project, and what would be the total cost of the project when it is completed, as per the details given?