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Exercise 3: Project Budget Management Based on the following table, how would you interpret the project performance? Fill in the second table, specifying the formula, result, and meaning. A B D Budgeted 60,000 50,000 60,000 120,000 65% Planned 80% 40% 30% Performed 88% 50% 50% 5% Actual Costs 55,000 80,000 30,000 30,000 Metric Formula Result Meaning BAC EV % performed x budget PV % planned x budget AC Non applicable CV EV - AC SV EV-PV CPI EV/AC SPI EV/PV EAC BAC / CPI VAC BAC-EAC