Earned Value Problem: Given the AON diagram and spreadsheet showing what's been completed AS OF WEEK 9: a. Derive the value for PV b. Determine the value of EV C. The cost variance is: d. The schedule variance is: e. Comment on what your answers MEAN (e.g., is the project ahead/behind on schedule? cost?) f. At the current level of effort, how much do you think the final cost of the completed project will be? g. Is your (final cost) answer within acceptable limits or not? Explain and justify your answer. 4 wks 25wks Start Finish 10wks b 12wks Activity a b Budget ($) 500 Actual Cost ($) 480 % complete at 9 weeks 100% 80% 50% 10% 650 d 800 4400 3200 2300 400