BSBPMG514: Manage Project Cost - Distance Learning - Management Assignment Help

Assignment Task:

Instructions

For this Distance Learning Activity, you are to read the information provided below, then answer the following question. You may also refer to the BSBPMG514 Learner Guide document provided on Moodle.

This is the type of thing that happens on real projects, some things go fine; other things go slower than anticipated and before long, you need to determine, on balance, how much ahead or behind from the original plan you are.

Just from common sense we can tell we are behind, by the end of day 3 we should have finished 3 sides, not 2.5.

Spend wise, we can make some estimates too:

• we have achieved 2.5 out of 4 sides which is 62.5% (2.5 / 4 *100 = 62.5) of the overall project. 

• We have spent $200 + $220 + $140 = $560 of the $800 which is 70% (560/800 *100 = 70) of the budget. 

• Having spent 70% of your budget and only achieved 62.5% of your budgeted progress indicates you are spending faster than anticipated.

Question

Your project is to build a fence around a square field, each of the 4 sides will take one day to build. The cost to build each of the sides will be $1000.00. The duration of the project will be 4 days with a budget of $4000.00. At the end of day 3 you would have spent $2800 and built 2.5 sides.

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