Question 3: Earned Value Management (40 marks) ID Description Duration Predecessor PV EV RULE Assignment rule (weeks) A Design None 2 6 0/100 EF date B Marketing A 3 20 50/50 ES and EF dates C Sourcing A 5 30 30% 20% 20% 20% 10% complete D Manufacture A 20 40% 10% 25% 25% complete % E Test C, D 4 16 Equally complete F Approval D 18 complete Equally G Launch B, E, F 3 50/50 ES and EF dates a) Create a AON network for this project (5 marks) b) Develop a time phased budget (baseline). Hint: refer to slide 22 of lecture 10 (10 marks) c) Create status reports for periods 4 through 7, showing EV, AC, PV, CV, SV based on the following actual data. (15 marks) % Period Activity complete AC A Finished 5 0% 7 50% 10 50% 8 5 Finished 5 50% 8 60% 12 70% 10 6 Finished 5 50% 10 80% 16 Finished 15 7 Finished 5 Finished 14 Finished 20 Finished 15 0% 0 50%