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: $67M Recruit Team Budget: $3 M Gather Materials/equipment Budget: $62 M Launch Budget: $2M Budgeted Cost by Period Month Total Budgeted Cost (TBC) 1.5 5 62 35 Recruit Team Gather Materials/equipment Launch Total Cumulative 0.5 Actual Cost by Period Cumulative Percent Complete by Period Month 12 1.5 1 0 3 39 .5 Month 12 45 70 100 7 35 Recruit Team Gather Materials/equipment Launch Total Cumulative Recruit Team Gather Materials/equipment Launch 0 40 Cumulative Earned Value (CEV) by Period Month TBC Recruit Team Gather Materials/equipment Launch Cumulative