Create illustrations of for example control charts for questions 1.2, 2, 3

1) Data: Total budget = $25,000 BCWS = $ 8,333 BCWP = $ 6,400 ACWP = $ 7,800 Project duration = 40 days Data date: 10 days

1.1) Perform the following analyses of the project based on the data given above. a. Cost Variance

CV = BCWP - ACWP

CV = $6,400 - $7,800

CV = -$1,400

Cost Variance is negative, indicating that the project is over budget. b. Schedule Variance

SV = BCWP - BCWS

SV = $6,400 - $8,333

SV = -$1,933

Schedule Variance is negative, indicating that the project is behind schedule. 1.2) Plot an S-Curve and show CV and SV on it.

1.3) Interpret results to explain the project status

2)Explain the purpose of a Control Chart being as detailed as possible with words and use illustrations as well to explained it better

3)Please explain why large initial separations on the EV S-Curve between the lines for ACWP and BCWP with BCWP above the ACWP may be an indicator of excessive front loading. Use detailed words and explanations and illustrations to explain it