• After reading Chapter 7, Determining Costs, Budget, and Earned Value, answer questions on page 269: 8, 9, 12a-e (be sure to show your work for 12a-e)
• 8. Why is it necessary to calculate the earned value of work performed? How is this done?
• 9. Give an example of calculating a cost performance index. What does it mean when the CPI is below 1.0? What does it mean when the CPI is above 1.0?
• 12. a. Refer to the table below. What is the cumulative budgeted cost at the end of week 6?

\fWeek 2 Task: 1 10 16 Task 2 10 10 12 24 12 Task 3 5 5 Task 4 Total 10 26 18 12 29 17 Cumulative Amounts are in thousands of dollars.c. Below is a table of the cumulative percentages of work completed by the end of week 6. What is the cumulative earned value of the project at the end of week 6? Is it good? Week 1 2 3 4 5 6 Task 1 30 80 100 Task. 2 10 25 35 55 65 Task 3 10 20 Task 4 Amounts are cumulative percent complete. d. What is the CPI at the end of week 6? What is the CV? c. Calculate the FCAC using the first two methods described in the chapter. In addition, describe a third FCAC method you could use