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Assignment 7Answer the following questions in MS Word, 1-2 pages max in length, single-spaced, 12-pt font, 1 margins.On June 12, 2002, Delta Corporation was awarded a $160,000 contract for testing a product. The contract consisted of $143,000 for labor and materials, and the remaining $17,000 was profit. The contract had a scheduled start date of July 3. The network logic, as defined by the project manager by the customer resulted in the following project planning budget:Activity123456789101112131415AB2000200030003000400040003000AC3000300030004000400040004000200020001000AD50005000600040004000400030001000BC3000400040005000BE60006000CF200030003000DF30003000300040004000EF20002000FG3000On August 27, 2002, the executive steering committee received the following report indicating the status of t...

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