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b) BAC (RM) BCWS or PV ACWP (RM) AC (RM) or BCWP or EV (RM) Case 1 500000 250000 250000 250000 2 500000 250000 250000 200000 3 500000 250000 350000 400000 4 500000 250000 250000 300000 5 500000 250000 400000 200000 6 500000 250000 300000 100000 7 500000 250000 200000 300000 8 500000 250000 350000 400000 9 500000 250000 250000 200000 10 500000 250000 450000 350000 Figure 2 For a building project, the above information in Figure 2 was derived using the technique of earned value. Assuming that the data date is approximately at a midpoint of the project period, you are required to: - i. [10 marks] Calculate the Schedule Variance (SV), Schedule Performance Index (SPI), Cost Variance (CV), Cost Performance Index (CPI), and interpret the project progress from the results. ii. [5 marks] Discuss the issues with the use of earned value managements (EVM)