A new product development project has elapsed two weeks. It means that the status period is end of Week 2. The monitoring team has reported the project updates as given in the following table. Table 1 - Update progress (Note: time proportionality rule is used for PV and EV calculation. Actual Cost is reported at the status time) Description Predecessor Estimate Activit y # Planned Value ($) S % Work Complete d Money Spent (AC) ($) 25% 75% 25% 500 300 1,000 1 2 3 4 5 6 Creative Strategy IT Fundraising Marketing Sales Finance HR Duration (weeks) 5 2 4 4 2 5 2 1 1,000 500 3,000 500 2,000 500 1,2 1,2 5,6 4,6 7 750 8 250 a) Calculate the values of SV, CV, SPI and CPI of Activity 1, 2, 3 and 4? b) Which activities are behind schedule? Which activities have cost overrun? c) If the 0-100 rule is used for EV calculation, what are the values of EV for Activity 1, 2 and 3