Read the Case Study below and answer ALL of the question$($s$)$ that follow.

MANUFACTURING AND SUPPLY OF SCHOOL TABLES

A newly established school located in a rural setting, situated $150$ kilometres away from Bloemfontein, urgently requires

$1000$ tables to address a critical shortage of seating and workspace for our students. Acquiring these tables is essential to

enhance the learning environment, accommodate our growing student population, and ensure that our students have the

necessary resources for a quality education. They need to explore budget options to procure these tables promptly to meet

the educational needs of their students.

Source: $($Masiba: $2023)$

QUESTION $1$: COST ESTIMATE $(22$ MARKS$)$

Prepare an exhaustive Project Cost Estimate for the provision of $1000$ tables to a newly established school. This

comprehensive estimate should encompass all aspects, including manufacturing, transportation, and on$-$site installation.

Additionally, it should offer a detailed breakdown of the cost components, elucidate the methodologies employed in

determining these costs, elucidate the process leading to the final budget calculation, and articulate strategies for the

management and control of these expenditures.

QUESTION $2$: EARNED VALUE METHODOLOGY $(8$ MARKS$)$

Why is it imperative for executives to adopt and fully embrace the Earned Value Methodology $($EVM$)?$ What are the critical

reasons that make EVM such a pivotal tool in project management and decision$-$making at the executive level?