Question: 4 . Budget at completion (BAC) Assessment date Expenditures Planned value IPV Earned Value IV Actual cost IAC! 4 End of project Time after project

4 . Budget at completion (BAC) Assessment date Expenditures Planned value IPV Earned Value IV Actual cost IAC! 4 End of project Time after project start a. Explain the above diagram regarding the project details. What is the status of the project at the assessment date (Time 4 after project start)? Explain with reference to Cost Variance and Schedule Variance. (6 marks) b. What can be done to improve in the project from this point onwards? (2 marks)

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