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) 300 Activity Description Predecessors Estimated Planned % Work Money Duration Value ($) Completed Spent (weeks) (AC) ($) 1 Creative 5 1,000 25% 500 2 Strategy 2 500 75% 3 IT 4 3,000 25% 1,000 4 Fundraising 1 4 500 5 Marketing 1,2 2 2,000 6 Sales 1,2 5 500 7 Finance 5,6 2 750 8 HR 4,6 1 250 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