Earned value analysis is the project management tool that is used to measure project progress. You are a project manager in company Daya Maju that responsible to handling the packaging machine project with the total cost budgeting is RM200,000. There are including RM48,000 (Design), RM120,000 (build) and RM32,000 (install & test). The information regarding on the project progress development in weeks 8 as shown in Table 2 below:

Table 2

No	Type	RM	Percentage
1	Cumulative Budgeted Cost (CBC)	128,000	64.0
2	Cumulative Actual Cost (CAC)	136,000	68.0
3	Cumulative Earned Value (CEV)	108,000	54.0
	TOTAL	200,000	100.0

1. With the aid of a typical S-curve diagram, draw and explain the four cost-related measures such as TBC, CBC, CAC and CEVto analyse the overall project cost performance.

1. Based on question 3(a), calculate and elaborate the various of indicators of cost performance for this project based on the respective below:
2. Cost performance Index (CPI) [hint: CEV/CAC]
3. Cost variance (VC) [hint: CEV-CAC]
4. Forecasted cost of completion (FCAC) with action taken [hint: TBC/CPI]

Forecasted cost of completion (FCAC) without any action taken [hint: CAC + [TBC-CEV]