Question 3: Project 1 has a 50% probability to win the contract (profit the company S200,000) 25% probability to not win (cost-$100,000) and 25% to share the project with another company (profit the company $100,000). On the other hand, for Project 2, the probability to win the contract is 80% (profit the company S100,000) and 20% not to win the contract (Will cost-$50,000). Calculate the expected monetary value of project 1? And which project would you choose? Question 4: You have a project that is scheduled to be completed in 5 days at a budgeted cost of $50,000. At the end of day 3 you do an analysis and you determine the job is 70% complete and you have spent $35,000. (Assumptions) . For the Ev, use the EV formula of EV= BAC Completed WorkPercentage. For the EAC formula, knowing that both CPI and SPI influence the remaining work. . For the PV value, assuming the current trend of the cost performance will be typical of the project going forward. . What is the project's budget at completion? 5. What is the project's Planed Value (PV)? What is the project's Actual Cost (AC)? d. What is the project's Earned Value (EV)? What is the project's Schedule Variance (SV)? 1. What is the project's Cost Variance (CV)? What is the project's SPI? h. What is the project's CPI? i. Is the project ahead, behind schedule or on time? jIs the project expected to complete on budget, under or over budget? k. What is the project's EAC? . The project manager wants to know if the remaining recourses are enough to complete the project or not. (knowing that BAC is not valid anymore)