QUESTION $1$

$(30$ MARKS$)$

$\backslash$table$[[\backslash$table$[[1\mathrm{.}1$ As a member of the Vaal River City Project Management team, you have been assigned to develop the$],[$procurement management plan for overseeing the R$1\mathrm{.}4$ billion worth of supplies required for the project. Identify$],[$the key factors that must be taken into account when drafting the procurement plan. Provide relevant examples to$],[$support your explanation.$]],(10)],[,\backslash$table$[[1\mathrm{.}2$ As part of the Vaal River City Interchange project, you are responsible for excavating $1,000,000$ cubic feet of$],[$soil$,$ which will be repurposed for other construction activities. According to the project management plan, the$],[$target is to excavate $60,000$ cubic feet of soil per week, at a rate of R$5$ per cubic foot. In the first month's progress$],[$report submitted to the resident civil works manager, the project's Earned Value $($EV$)$ was reported as R$1,000,000,],[$while the Actual Cost $($AC$)$ was R$1,200,000.$ For the second month's progress report, the Earned Value was$],[$R$2,200,000$ and the Actual Cost was R$4,400,000.$ By the end of the third month $(12$ weeks$),250,000$ cubic feet of$],[$soil remains to be excavated, with the total cost incurred to date amounting to R$4,000,000.$ With reference to the$],[$information provided, determine and comment on the status of the project for each of the following terms.$]]],[$i$)$ Earned Value.,$(2)],[$ii$)$ Planned Value,$(2)],[$iii$)$ Schedule Variance,$(2)],[$iv$)$ Cost Performance Index.,$(2)],[$v$)$ Schedule Performance Index.,$(2)]]$