Problem 4: PERT Cost A project requires these activities to be completed and the table below shows the expected time and budgeted cost for each activity. The complete budget using ES times. Suppose the project is on its 10th week. Using this information, determine if the project is on track given that: Activity A is 100% done with a cost of $1,800 Activity B is 100% done with a cost of $6,000 Activity C is 80% done with a cost of $6,000 Activity D is 100% done with a cost of $8,500 Activities E and F have not been started Your assessment of the project including a recommended strategy on the next steps.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Problem 4: PERT Cost
A project requires these activities to be completed and the table below shows the expected time and budgeted cost for each activity.
- The complete budget using ES times.
- Suppose the project is on its 10th week. Using this information, determine if the project is on track given that:
- Activity A is 100% done with a cost of $1,800
- Activity B is 100% done with a cost of $6,000
- Activity C is 80% done with a cost of $6,000
- Activity D is 100% done with a cost of $8,500
- Activities E and F have not been started
- Your assessment of the project including a recommended strategy on the next steps.
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