QUESTION 4 4.1 The Corporation's Project Manager has determined the process at TIME NOW for a particular project and you, the Project Controller, are to calculate the following: 1. The Budgeted Cost for Work Performed. 2. Budgeted Cost of Work Scheduled. 3. Schedule Variance and SV% 4. Cost Variance and CV% 5. The Estimate at completion. 6. The Estimate to complete. 7. The Cost performance index. 8. The Scheduled performance index. (BCWP) (BCWS) (SV) (CV) (EAC) (ETC) (CPI) (SPI) Note: Show all the formulas for the above calculations and put your calculation in tabular form. Use the information in the following table to do your calculations ACTIVITY PLANNED ACTUAL % COMPLET COMPLETE SUPPLIER CLAIMS R50 000 50% 60% R32 000 Course Development Designs Printing Distribution Course 40% 45% R65 000 R70 000 R20 000 R30 000 35% 35% 55% 50% 25% R23 000 R37 000 R12 000 R 9000 20% Accreditation Marketing R80 000 10% 10% R 8 000 BCWS = Planned % Complete x BAC BCWP = Actual % Complete x BAC ACWP = Supplier /Controller Invoice or Claim - usually given (12) 4.2 What can be concluded about the progress of the project in question 4.1? Do you believe this project is being managed well and why. explaining your reason with special reference to Schedule Variance and Cost Variance? (5) [17]