Question 2: Calculate Earned Value Indicators Based on the following data: The Budget At Completion (BAC) cost of the project is estimated to be: $140,000.

Earned value data is available for the first three weeks of the project (see below).

The project is due to end on week 4.

Project Data	Week 1	Week 2	Week 3	Week 4
Cumulative Actual Costs	$2,700	$15,700	$37,800
Anticipated planned Value	$11,750	$22,000	$43,000	$64,000
Cumulative Earned value	$6,750	$21,500	$47,000

Based on the above data, calculate the following earned value indicators:

EVM Indicator	Week 1	Week 2	Week 3	Formula used
Cost Variance
Schedule Variance
Cost Performance Index
Schedule Performance Index
Estimated Cost At Completion (use the EAC = BAC / CPI formula)
Estimated Cost to Complete

For this question you need to:

• Identify which formulas you used for each indicator;
• Show an example of your calculations (work) for each indicator; and
• Calculate each indicator for each of the first three weeks.