Question: please help me to answer this question PROBLEM 2: EARNED VALUE METHOD (EVM) IN PROJECT MANAGEMENT (15 points) Chapter 7 Questions XYZ Inc. is implementing

please help me to answer this question

PROBLEM 2: EARNED VALUE METHOD (EVM) IN PROJECT MANAGEMENT (15 points) Chapter 7 Questions XYZ Inc. is implementing a project that will be completed within 6 months. Mr. Black, the project manager, captures the project performance data in the 4th month: 1 2 3 4 5 6 20 35 59 65 80 95 Months Cumulative Budgeted Cost (CBC) in thousand USD Cumulative Earned Value (CEV) in thousand USD Cumulative Actual Cost (CAC) in thousand USD 18 29 48 60 14 31 52 62 All questions are related to performance in the 4th month a. Calculate the Cost Variance and Cost Performance Index (4 points) b. Explain the cost performance of this project using the Cost Variance and Cost Performance Index (4 points) c. Calculate the Forecasted Cost at Completion or FCAC using 2 out of 3 methods described in the textbook (4 points) d. Will the project meet the budget at the end of the project? Explain your answer (3 points)

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