You do a mid-month review of your project and find that actu…
You do a mid-month review of your project and find that actual direct costs are $65,545; you update the %C and determine that the earned value in direct costs is $55,128, and, since no change orders have been submitted, the approved direct cost budget at completion remains at $111,000, as well as the Price or Revenue Budget which is $225,000. Your boss schedules a meeting with you for the following week and asks that you provide an updated end of project Gross Margin based on your mid-month review to aid in her year-end planning. At that meeting, you report that based on this month’s update, your approximate Gross Margin projection (at the end of the project) will be:
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