12 15 5 Test Review 4 Earned Value Analysis ABC Engineering Limited has been tasked with assembling 100 security systems in eight days. The estimated cost of each unit is $10,000, for a total project cost of $1,000,000. The following table provides the schedule and cost estimates determined at the start of the project: Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day 7 Day 8 Planned 10 15 18 15 10 number of built systems Estimated 100,000 120,000 150,000 180,000 150,000 150,000 100,000 5000 cost for the day ($) Estimated 100,000 220,000 370,000 550,000 700,000 850,000 950,000 100,000 cumulative cost ($) We will evaluate the performance at the end of Day 4. The last 2 rows were added at the end of Day 4. Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day 7 Day 8 Planned 10 15 number of built systems Estimated 100,000 120,000 150,000 180,000 150,000 150,000 100,000 5000 cost for the day ($) Estimated 100,000 220,000 370,000 550,000 700,000 850,000 950,000 100,000 cumulative cost ($) Actual cost 80,000 100,000 160,000 160,000 for the day ($) Actual 80,000 180,000 340,000 500,000 cumulative cost ($) 12 15 18 15 10 5 1-Determine the followings: A. The budgeted cost of work scheduled (BCWS) B. the budgeted cost of work performed (BCWP) C. the actual cost of work performed (ACWP) 2- Calculate the followings: A. the schedule variance (SV) B. the cost variance (CV) C. the Schedule Performance Index (SPI) D. the Cost Performance Index (CPI)