QUESTION 2 EARNED VALUE AND RESOURCE PLANNING (25 Marks) 2.1 Earned value management helps you quantify the performance of a project. It compares costs and schedules to a baseline to determine if the project is on track. (Project Plan 365, n.d.). Based on this description, analyses the project performance, based on data provided below and answer the following questions: a) What is the earned value of the project if the current percentage complete is 35%, estimate at completion is $40622917, actual cost of work performed is $1667, and the budgeted cost of work performed is $2000. (5 Marks) b) Analyse the project performance based on the values and answer given from the previous question a). (5 Marks) 2.2 RESOURCES ESTIMATE Developing practical projections for project timelines, finances, and resources stands as one of the most demanding elements linked with project planning. Project leaders consistently face the task of delivering prompt, precise, and up-todate project assessments (CDC, 2015). Frequently, these assessments involve tasks for which project managers might lack expertise or familiarity, or they aim to achieve a project objective that is unprecedented. a) What is the work to be estimated? (5) b) When will the work be accomplished? (5) c) Do inter-dependencies exist between tasks and/or other projects that may impact (5) estimates