Objective: This assignment is intended to help you practice and understand earned value management techniques and analysis with a view of developing this skill. It is an individual assignment, and NO collaboration, or assistance of any kind will be accepted. Description Assume a project activity was planned to be completed in 10 weeks, with a budget of $100.000 phased over the 10 weeks (S10,000 per week), with 10% of the work to be completed each week. At the end of the first 3 weeks, the activity was only 20% completed. The following is additional information related to this activity: S10,000 (each week). ($30,000 for 3 weeks) $36,000 (at the end of the third week) S100,000(for the whole activity) Planned value (PV): Actual cost (AC): Budget at Completion (BAC) Original (approved) Time Estimate (OTE): 10 weeks (for the whole activity) Required-Compute and answer the following (show all your calculations): a) Rate of Performance (RP) b) Earned value (EV) e) i) Cost variance (CV) ii) Schedule variance (SV) ii Cost performance index (CPI) iv) Schedule performance index (SPI) d) Estimate At Completion (EAC) e) Estimated cost To Complete (ETC) Estimated Time at completion/Finish (ETF) g) How is the activity progressing (be 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? Note Identify each answer component/part with its letter code (e.g. (a) or (ii)