EXERCISE 2: THE SECOND BLOCK WALL (1) COMPLETE THE FOLLOWING TABLE: You have a project to build a new block wall. The block wall is four sided with all sides being equal. Each side is to take one day to build and is budgeted for $10,000 per side. The sides are planned to be completed one after the other. Regarding project financial management, specifically revenues and cash flows: You will be paid for each side as that side is completed and accepted. In this case, assume that the sides have a finish-to-finish relationship instead of a finish-to-start relationship so more than one side can be worked on at the same time in parallel). Calculation Answer What Is: Interpretation of the Answer PV Activity Day 1 Day 2 Day 3 Day 4 Status End of Day 3 EV AC Side 1 S------------ Completed, spent $10,000 CV Side 2 S----F-----PF CPI Completed, spent $9,000, plus 50% of Day 3 work, spent $10,000 SV SPI EAC Side 3 S--- PS---------PF NOTE: perform calculations using all three EAC formulas 75% of Day 4 work, spent $3,000 NOTE; provide interpretation of each formula ETC Side 4 S---- PS---------PF VAC Key: TCPI S=Start, F = Actual Finish, PS = Planned Start and PF = Planned Finish Note: perform calculations using both formulas NOTE; provide interpretation of each formula (2) BRIEFLY DISCUSS: If you were to present this data to a senior PROGRAM DIRECTOR, what would you conclude about how this project is progressing? Your findings should be a 150 to 200 words minimum explaining where this project stands based on the analysis completed. Include analysis of each earned value metric calculated in the table above. For EAC and TCPI use only one, and justify why you selected that formula/calculation in providing your project status assessment. You must also comment on progress payments in terms of revenues and cash flow