Description A certain activity was planned to be completed in 10 weeks, with a budget of $300,000, phased over the 10 weeks ($30,000 per week), with 10% of the work to be completed each week. At the end of the first week, the activity was 9% completed. The following is additional information related to this activity: Planned value (PV): $30,000 (each week) Actual cost (AC): $25,000 (at the end of the first week) Budget at Completion (BAC) $300,000 (for the whole activity) Original (approved) Time Estimate(OTE): 10 weeks (for the whole activity) Required--Compute and answer the following (show all your calculations): a) Earned value (EV): b) i) Cost variance (CV): ii) Schedule variance (SV): iii) Cost performance index (CPI): iv) Schedule performance index (SPI): c) Estimate at completion (EAC): d) Estimate to complete (ETC) e) Estimated time to complete (ETTC): f) How is the project progressing (be specific, indicating the underlined keyword): i) Is it ahead of schedule or behind schedule? Why do you think so? 11) Is it under budget or over budget? Why do you think so