Problem 1 (50 pts.): Consider the following simplified project consisting of three activities. Do the following: a) [30 pts.) Complete the following tables. b) [10 pts.) Calculate Cost Performance Index (CPI) as of Month 3. What does it indicate about the project performance? c) [10 pes.) Calculate Cost Variance (CV) as of Month 3. Go to the Moon Budget: $67 M Recruit Team Budget: $3 M Gather Materials/equipment Budget: $62 M Launch Budget: $2M Budgeted Cost by Period Month Total Budgeted Cost (TBC) 1 1.5 Recruit Team Gather Materials/equipment Launch 5 35 0.5 NO Total Cumulative Actual Cost by Period Cumulative Percent Complete by Period Month Month 12 1.5 1 0 3 39 .5 Recruit Team Gather Materials/equipment Launch Total Cumulative Recruit Team Gather Materials/equipment Launch 45 70 100 7 35 0040 Cumulative Earned Value (CEV) by Period Month TBC Recruit Team Gather Materials/equipment Launch Cumulative