Dear Ric,
Completing August'01 looks very unlikely to me even on an optimistic note in this month. July'01 itself look the months of May/June and now July (major approval count), that means three months.
Assuming August'01 workload is 75% of July'01 and VSC has speeded up, I'd still guess, August'01 would take July'02/August'02 to complete. There were some Aug'01 approvals in June but at a trickle.