Objective: This assignment is a substitute (replacement) for the second quiz. It is intended to help you practice carned value management techniques and analysis. It is an individual assignment, and NO collaboration, or assistance of any kind will be accepted. Description Assume that a certain activity was planned to be completed in 12 weeks, with a budget of $120.000, phased over the 12 weeks ($10,000 per week), with 25% of the work to be completed each 3 weeks. At the end of the first 3 weeks, the activity was 35% completed. The following is additional information related to this activity: Planned value (PV): $10.000 (for each week) Actual cost (AC): $35.000 (at the end of the third week) Budget at Completion (BAC) $120,000 (for the whole activity) Original (approved) Time Estimate(OTE): 12 weeks (for the whole activity) Required-Compute and answer the following (show all your calculations): a) Eamed value (EV): b) i) Cost variance (CV): ii) Schedule variance (SV): iii) Cost performance index (CPI): iv) Schedule performance index (SPI): c) Estimate At Completion (EAC): d) Estimated Time to Complete (ETC): e) How is the project progressing (he specific, indicating the underlined keyword): i) Is it ahead of schedule or behind schedule? Why do you think so? ii) Is it under budget or over budget? Why do you think so? Notes: Identify the answer for each question with its letter code (eg. (a) or(ii)) Submit your solution file on the Assignments folder on the main menu on Blackboard by the above deadline and the time specified in Blackboard