Week Activity - Project Performance Measurement & Closure Overview With the communication is stabilized, the focus tums to project performance measurement and closure Chapter 13 presents a discussion on metrics used to assess project performance Three commonly used metrics are schedule variance (SV). Cost variance (CV), and cost performance Index (CPI). The sponsor is not familiar with how these meis work and has asked for a demonstration of how they are used. The sponsor has presented a scenario and is requesting you to conduct a demonstration using fictitious data to access the results given the following situation Instructions 1 On day 51, a project has an eamed value of $600, an actual cost of 5650, and a planned cost of $540 Compute the SV CV and CPE for the project Present your results and explain them 2. Ned the project sponsor wants to be assured that the project will be closed in accordance with best practices Research what the Project Management Body of Knowledge (PMBOK) says about closing projects and briefly discuss