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"This will, however, involve a rise in the overall expected cost of completion and further delays to the in-service dates of the two projects".
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If the current cost variance is the result of circumstances that are likely to continue (such as a higher than expected cost of labor), then divide the Budget at Completion by the Cost Performance Index to estimate the total project cost: EAC = BAC / CPI.
Write up a spreadsheet of expected costs.
Expected costs: $4.4 billion.
The original expected deadline of completion was June 2007, although this was moved to the first quarter of 2007.
The company had previously taken a £300 million "loss charge" in 2000, which was expected to cover "all the costs of completion of the current contract".
In 2000 the company had taken a £300 million "loss charge" on the Nimrod contract which was expected to cover "all the costs of completion of the current contract".
Adjusting for inflation over the next decade, the project is expected to cost $7.2 billion at completion, said George D. Warrington, executive director of New Jersey Transit, the project's sponsor.
The expected time of questionnaire completion was approximately twenty minutes.
The NIF alone, originally expected to cost approximately $2.1 billion upon its completion in 2002, is still not operational and is expected to cost more than $3 billion.
By late March 2011, the estimated cost of renovating the trestle had risen to $1.1 million, and the expected time to completion increased to two years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com