OUESTION $2$

Suppose you are managing a software development project. The project is expected to be

completed in $12$ months at a cost of $$6,000$ per month. After $3$ months, you realize that

the project is $30$ percent completed at a cost of $$30,000.$ Determine the following:

a$.$ PV $($Planned Value$)$

$(4$ Marks$)$

b$.$ EV $($Earned Value$)$

$(4$ Marks$)$

c$.$ Status with regards to budget

$(4$ Marks$)$

d$.$ Status with regards to schedule

$(4$ Marks$)$