Question: Question 1: Part A - 8 marks, Part B - 4 marks, Part C 3 marks) (15 Marks) A four (4) months project has the

Question 1: Part A - 8 marks, Part B - 4 marks,

Question 1: Part A - 8 marks, Part B - 4 marks, Part C 3 marks) (15 Marks) A four (4) months project has the following budget management figures: A Complete the table below by calculating the values for CV, CPI, SV, and SPI Tasks EV PV AC CV CPI SV SPI month 1 $3,000 $3,500 $3,500 month 2 $9,000 $8,500 $8.000 month 3 $13,000 $12,000 $11,000 month 4 $2,500 $4,000 $3,500 month 5 $2,000 $2,000 $3,500 Earned Value Management formulas SV=EV-PV CV=EV-AC SPI=EV/PV CPI=EV/AC B. Determine the project status by evaluating CV, CPI, SV, and SPI for each month (eg. Over budget, On budget, Under budget etc) Cost Schedule Tasks month 1 month 2 month 3 month 4 month 5 Is the project successful? Why or why not

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