Earned Value Management (EVM3) You are working on a project that is scheduled to be completed in 10 months. The total budget for the project is $10,000. Six months have passed and the schedule indicates 36 2 points that 60% of the work should be completed by now. But your team has only What is the Actual Cost (AC) for this project at this point in time? completed 50% of the project and spent $8,000. O $8000 $6000 OO $10,000 O $5000 37 2 points What is the Earned Value (EV) for this project at this point in time? O $10,000 * 60% = $6,000 O $6,000 * 50% = $3,000 O $8,000 * 50% = $4,000 O $10,000 * 50% = $5,000 38 2 points What is the BAC at this point? O $5000 O $8000 $6000 $7000 $10,000