The baseline Plan in Table 1 shows that six work units (A-F) would be completed at a cost of $100.00 for the period covered by this project. A B C D E F TOTAL Planned Value 10 15 10 25 20 20 $100.00 Table 2 shows that work unit D was not completed and work unit F was never started. Table 1: Baseline Plan work Units Table 2: Earned Value and Actual Costs A B C D E F Earned Value 10 15 10 10 20 - Actual Cost 9 22 8 30 22 - Questions 1. Based on the information in tables 1 and 2 above calculate the following: (a) Schedule variance (b) Cost variance (c) Schedule Performance Index (d) Cost Performance Index (10 marks) 2. What are the major advantages of using EVM as a project control mechanism? (5 marks) 3. Suppose the SPI is calculated as less than 1. Is this good news for the project or bad news? Why