3) You are managing a landfill project with an initial budget estimate of $2 million. During interim cost and schedule performance analysis, you determined that: You should have spent $500,000 till now based on your initial plans and 1,000 person- days of scheduled activities You spent $600,000 till now and completed 1,100 person-days of scheduled activities, which should have cost $450,000 based on your initial plans. You re-estimated the budget required for the remaining work to be done as $1,500,000. Draw a chart to represent your plan and your interim findings. What can you say about the cost and schedule performance of this project (show your calculations)? What is the estimated total cost, assuming no further cost overruns? (15 marks) 3) You are managing a landfill project with an initial budget estimate of $2 million. During interim cost and schedule performance analysis, you determined that: You should have spent $500,000 till now based on your initial plans and 1,000 person- days of scheduled activities You spent $600,000 till now and completed 1,100 person-days of scheduled activities, which should have cost $450,000 based on your initial plans. You re-estimated the budget required for the remaining work to be done as $1,500,000. Draw a chart to represent your plan and your interim findings. What can you say about the cost and schedule performance of this project (show your calculations)? What is the estimated total cost, assuming no further cost overruns? (15 marks)