QUESTION 1 Given the information for eight-months project, answer the following questions. The total planned cost of the project is RM200,000. The table below shows the data collected to date. The plan is for the project to be completed after eight months. The earned value report in the table below shows the data that been collected for the first four months of the project. The fiqures shown in the table are cumulative. a) What is the schedule performance index (SPI) and cost performance index (CPI) for month 3 ? In month 3 is the project ahead or behind schedule? Is it under or over budget? b) What is the cost variance (CV) and schedule variance (SV) for month 4 ? In month 4 is the project ahead or behind schedule? Is it under or over budget? c) What is the estimate at completion (EAC) at month 4 if the cost performance index will remain the same for the remaining part of the project? d) During month 5 , it is found that some of the work that was reported complete in month 2 was considered unacceptable. It will require RM5,000 to fix the problem and make this work acceptable. The work is scheduled to be done in month 6 . No other work is reported to be completed during month 5 . What is the EV for month 5 ? e) What factors need to be known in order to be able to calculate the Estimate to Complete (ETC)? f) Explain what happens during the process to determine the project budget