Earned Value Analysis Consider the following project baseline Baseline budget needs ($000) Immediate Predecessor Task B D E F A A A B CD Duration (week) 2 3 5 4 3 3 Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 15 25 8 16 10 10 10 10 10 10 5 5 8 10 10 10 10 5 5 Numbers under each week show how much you plan to spend for the respective task in that week. For example, you plan to spend $8,000 for task B in week 3. You are given the following status information at the end of week 5. Progress Report for End of Week Actual Actual Cost Task Completed ($000) A 100% $ 35 B 100% $ 30 60% $ 20 D 75% $ 20 E $ F 0% $ 0% a. [10 points] Develop a status report and calculate EV, PV, AC, Total PV, CV, SV for each task and also for the overall project. b. [4 points] Calculate CI and SI for the overall project. Based on project SI and CI, what's your assessment for the current status of the project? C. [6 points] Calculate BAC, ETC and EAC for the overall project? How big is the project budget variance at completion (VAC)? Do you need extra money at completion