Answer Happy

Read the following scenario and answer what follows. "Let's assume a 12-month railway project that is planned to spend $3M per month for a total budget at completion of $36M. The project is 2 months along and according to the actual cost is underspent by 50% compared to the planned value. We could assume therefore that the project is going well because it's costing less than planned. But after 2 months of work, 10 % of work has been completed" 1. What is the duration of the project? (10 marks) 2. What is the BAC? (10 marks) 3. What is the actual cost of the project? (10 marks) 4. What is the earned value of the project? (10marks) 5. What is the planned value of the project? (10 marks) 6. Is the project over or under budget? and why? (10 marks) 7. Is the project behind or ahead of the schedule? And why? (10 marks) 8. What is the new budget of the project? (10 marks) 9. What is the new duration of the project? (10 marks) 10. How much you would spend from the checkpoint until the new duration of the project? (10 marks)