Using this data:

1. Calculate the Planned Value (PV) and Earned Value (EV) for each of the 15 activities. 2. Subsequently, compute the Cost Variance (CV) and Schedule Variance (SV) for each activity. 3. Determine the Cost Performance Index (CPI) and Schedule Performance Index (SPI) at this point in the project (day 50)

4.brief interpretation of these results - are you over or under budget? Ahead or behind schedule? What are the potential implications for your project?

Table 1: Project Progress at Day 50 \begin{tabular}{|l|l|l|l|l|} \hline Activity & \begin{tabular}{l} Planned \\ percentage \\ Completion \\ at Day 50 \end{tabular} & \begin{tabular}{l} Actual \\ percentage \\ Completion \\ at Day 50 \end{tabular} & \begin{tabular}{l} Planned \\ Cost \end{tabular} & \begin{tabular}{l} Actual \\ Cost at \\ Day 50 \end{tabular} \\ \hline 1. Project initiation & 100% & 100% & $5,000 & $4,800 \\ \hline 2. Requirement gathering and Scope definition & 100% & 100% & $7,500 & $7,800 \\ \hline 3. Stakeholder engagement & 100% & 90% & $7,000 & $6,000 \\ \hline 4. Development of project charter & 100% & 90% & $3,000 & $3,200 \\ \hline \begin{tabular}{l} 5. Planning of festival logistics (stages, facilities, \\ etc.) \end{tabular} & 70% & 60% & $12,000 & $10,500 \\ \hline 6. Risk assessment & 55% & 45% & $6,000 & $5,800 \\ \hline \begin{tabular}{l} 7. Environmental impact \\ management planning \end{tabular} & 40% & 35% & $8,000 & $7,500 \\ \hline 8. Procurement of materials and services & 15% & 10% & $20,000 & $15,000 \\ \hline 9. Artist booking and management & 0% & 0% & $25,000 & $21,000 \\ \hline 10. Ticketing and marketing & 0% & 0% & $30,000 & $27,000 \\ \hline 11. Quality assurance and control & 30% & 25% & $7,000 & $6,000 \\ \hline 12. Stakeholder communication & 60% & 55% & $11,000 & $10,000 \\ \hline 13. Legal compliance and permit acquisition & 100% & 95% & $10,000 & $8,000 \\ \hline 14. Festival execution and control & 0% & 0% & $6,000 & $0 \\ \hline 15. Post-event evaluation and project closure & 0% & 0% & $8,000 & $0 \\ \hline \end{tabular}