Latakia University Technical Engineering Faculty Extension
Add to watchlistA new building for the Faculty of Technical Engineering with labs, workshops and lecture halls — more places and trained technicians for the reconstruction projects.
Budget (BAC)
Actual cost
53% of budget
Progress
Estimate at completion
+SYP 80.6M
SPI · CPI
Forecast finish
12 days behind baseline
ExecutionStage 4 of 5
Next gate:Closure2 January 2027
- Pre-start · CompletePre-start · Complete
- Gate into «Initiation»DecisionGoDate15 January 2025Initiation · CompleteInitiation · Complete
- Gate into «Planning»DecisionGoDate16 March 2025Planning · CompletePlanning · Complete
- Gate into «Execution»DecisionConditional goDate8 July 2025Execution · Current stageExecution · Current stage
- Gate into «Closure»DecisionNot held yetDate2 January 2027Closure · Not startedClosure · Not started
Finance & earned value
The full budget structure, cost broken down by eight dimensions, cash flow with its S-curve, and earned-value indicators with an automatic end-of-project forecast.
Budget anatomy
The approved SYP 4B split into spent, committed and left, with the estimate at completion
- Actual spendSYP 2.1B
- Committed, not spentSYP 1.2B
- Allotted, uncommittedSYP 556.5M
- Contingency availableSYP 118.5M
Budget
- EstimatedManualFrom the project proposal — not from the finance systemthe proposal’s cost before approval
- SYP 3.6B
- Original budgetwhen the first baseline was approved
- SYP 4B
- Approved budgetafter approved change requests
- SYP 4B
- Current budgetavailable to spend now
- SYP 4B
- Revised budgetif the pending changes are approved
- SYP 4B
Commitments
- CommitmentsSyncedFrom the nightly finance-system syncsigned contracts and purchase orders
- SYP 3.3B
- Contracts1 active contract
- SYP 3B
- Purchase orders3 orders
- SYP 325M
- Remaining budgetapproved less actual
- SYP 1.9B
Spend & outlook
- Actual costSyncedFrom the nightly finance-system syncincluding accruals
- SYP 2.1B
- Accrualswork done, not yet invoiced
- SYP 83.8M
- Estimate at completionManualThe project manager’s estimate — not from the finance systemthe PM’s bottom-up forecast
- SYP 4B
- ContingencySYP 79M drawn of SYP 197.5M
- SYP 118.5M
Estimated vs approved budget
What the project proposal estimated before approval, against today’s approved budget and the estimate at completion
- Approved is SYP 315M (8.7%) above the estimate
- The estimate at completion is SYP 395.6M (10.9%) above the estimate
From the «project proposal & feasibility study» approved at the approval gate on 2024-12-31 · The gap between estimated and approved comes from the scope update and the change requests approved after the approval gate.
ERP link — data readiness
The link keys are ready for the finance-system sync; Munjaz follows the project and does not replace the accounting system
- Cost centreCC-51019
- WBS elements5 elements · P-2026-019.01 …
- Purchase orders3 synced · 0 manual
- Invoices & certificates10 posted · 1 in approval
Where each figure comes from
- EstimatedManualFrom the project proposal — not from the finance system
- CommitmentsSyncedFrom the nightly finance-system sync
- Actual costSyncedFrom the nightly finance-system sync
- Estimate at completionManualThe project manager’s estimate — not from the finance system
Once the link is live, synced figures are read from the finance system; manual updates stay available to the same roles and are logged.
Purchase-order registerManual edit log
Every manual update — who, when, why and from which source
No manual edits on this project
All its figures come from the finance-system sync. Finance & procurement — and the project manager, for the estimate at completion — can update them by hand.
Budget bridge
From the original to the revised request
- Total
- Increase
- Decrease
Contingency draw-downs
SYP 79M drawn of SYP 197.5M
- Covering realised delivery risks2026-08-29SYP 79M
Purchase orders
- PO-2026-0339Site monitoring and communications systemsSYP 97.5MSYP 14.6M paid
- PO-2026-0226Office furniture, fit-out and site suppliesSYP 156MSYP 70.2M paid
- PO-2025-0903Materials and soil laboratory testsSYP 71.5MSYP 71.5M paid
Cost breakdown structure
Every dimension adds up to the same totals
| Item | BudgetSYP M | CommittedSYP M | ActualSYP M | EACSYP M | VarianceSYP M | Consumption |
|---|---|---|---|---|---|---|
| 1Management & governance | 229.89 | 242.08 | 242.08 | 242.08 | −12.19 | |
| 2Design & permits | 459.78 | 484.17 | 484.17 | 484.17 | −24.39 | |
| 3Civil works | 1,455.97 | 1,427.09 | 1,369.66 | 1,461.00 | −5.03 | |
| 4MEP works | 1,149.45 | 764.77 | 0.00 | 1,216.44 | −66.99 | |
| 5Handover | 536.41 | 356.89 | 0.00 | 567.67 | −31.26 | |
| Unallocated contingency | 118.50 | 0.00 | 0.00 | 59.25 | +59.25 | |
| Total | 3,950.00 | 3,275.00 | 2,095.92 | 4,030.61 | −80.61 |
Budget split
WBS
SYP 4B
Budget
- Management & governanceSYP 229.9M6%
- Design & permitsSYP 459.8M12%
- Civil worksSYP 1.5B37%
- MEP worksSYP 1.1B29%
- HandoverSYP 536.4M14%
- Unallocated contingencySYP 118.5M3%
Cash flow
Planned, committed, actual and forecast
Spend per period
SYP millions
- Planned
- Actual
- Forecast
Cumulative S-curve
Cumulative to close
- Actual, then forecast
- Planned, cumulative
- Committed, cumulative
- Forecast
Earned value management
At the data date 2026-10-28
Planned value, earned value and actual cost
- Planned value
- Earned value
- Actual cost
- Estimate at completion
- Budget at completion
0.56
Off track
Schedule performance index
SPI = EV ÷ PV
0.98
On track
Cost performance index
CPI = EV ÷ AC
Finish by earned schedule
2028-05-18+445
SPI(t) 0.62 against the approved finish 2027-02-28
- Planned valuePV
- SYP 3.7B
- The value of the work that should be done by today.
- PV
- Earned valueEV
- SYP 2.1B
- The value of the work actually done, at plan prices.
- EV = % complete × BAC
- Actual costAC
- SYP 2.1B
- What has actually been spent on the work done.
- AC
- Budget at completionBAC
- SYP 4B
- The approved budget for the whole project.
- BAC
- Cost varianceCV
- −41.92 SYP M
- Earned less actual; negative means paying more than the value.
- CV = EV − AC
- Schedule varianceSV
- −1,603.41 SYP M
- Earned less planned; negative means behind, in value.
- SV = EV − PV
- Cost performance indexCPI
- 0.98
- Value produced per pound spent; under 1 is an overrun.
- CPI = EV ÷ AC
- Schedule performance indexSPI
- 0.56
- Work done over work planned; under 1 is behind.
- SPI = EV ÷ PV
- Estimate at completionEAC
- SYP 4B
- What the project will cost when it finishes, as forecast.
- EAC = BAC ÷ CPI
- Estimate to completeETC
- SYP 1.9B
- What is still to be spent to completion.
- ETC = EAC − AC
- Variance at completionVAC
- −80.61 SYP M
- Budget less the estimate; negative is an overrun.
- VAC = BAC − EAC
- To-complete performance indexTCPI
- 1.02
- The cost efficiency the rest must reach to stay on budget.
- TCPI = (BAC − EV) ÷ (BAC − AC)
Automatic end-of-project forecast
Four ways to estimate the final cost, and the date earned schedule points to
- At today’s cost performanceSYP 4B
- If the rest goes to planSYP 4B
- At cost and schedule performanceSYP 5.5B
- The PM’s bottom-up estimateSYP 4B
- To stay within SYP 4B, cost performance on the rest must rise to 1.02 — above what has been achieved.
Estimate at completion at that performance
SYP 4B
Variance at completion: −80.61 SYP M