Question 2 (40 marks) (a) Assuming you are the project manager of a special project to make two types of widgets for the year-end event. Your project is scheduled for 10 months from January to October and a budget with estimates of what it will cost to produce both widgets (shown in the table). The project is planned to make 200 widgets A and 100 widgets B every month in order to meet the total target number of widgets for the event Total Budget Time Elapsed Number of Widgets Cost Completed Spent Item Total Target Number Widget A 2000 Widget B 1000 $100,000 $100,000 6 months 800 6 months 400 $45,000 $40,000 At the end of June, your project team is six months into the project. Please evaluate the project progress using earned value analysis and answer the following questions. EGM381 Assignment a) Earned Value (EV) b) Actual Cost (AC) c) Planned Value (PV) d) Cost Variance (CV) e) Schedule Variance (SV) f) Cost Performance Index (CPI) g) Budget at Completion (BAC) h) Estimate at Completion (EAC) i) Estimate to Complete (ETC) 1) Variance at Completion (VAC) k) Schedule Performance Index (SPI) 1) Estimated Project Completion Time (20 marks) (b) For the given project activity precedence diagram below, determine the Early Start (ES), Early Finish (EF), Late Start (LS), Late Finish (LF) & Total Float (TF) of all activities, and indicate the critical path of this project in the diagram. 30 201 B 25 120 30 10 20 25 S 15 201 20 251 o H Legend: ES DEF Activity LS TELF 30 30 E 30 R M