Problem 1 The following Gantt chart represents the baseline schedule for a 4 month project. Budgeted Cost at Completion Activity Month 1 Month 2 Month 3 Month 4 A $7,000 B $12,000 C $6,000 D $8,000 E $10,000 F $26,000 One and one-half months after the start of construction, all of A, 50% of B, 50% of C and 25% of E were completed at a total cost of $28,500. D and F were not started. Use this information and Earned Value Concepts to answer the following questions regarding the project as a whole: a) To-date, what percentage of the project budget has been spent? b) To-date, what percentage of the original project duration has elapsed? c) What percentage of the project has been completed? d) What is the current status of this project in terms of the budget? Be sure to work in the values you computed for CV,%CV and CPI. e) What is the current status of the project with respect to the schedule? Be sure to work in the values you computed for SV, %SV and SPI. f) What is the revised estimated cost at completion for this project assuming that the cost of all work going forward will continue to show current trends? g) What would the revised EAC for the project be if all remaining work comes in on budget