You are the manager if an IT project to develop and install a customer relationship management (CRM) module within your company's enterprise IT system. So far, you have planned only the first phase of the project, which doesn't include the soft launch (to test the system live), user input, corrections, or final launch. A network diagram showing the first phase of project schedule appears below. Costs are spread evenly over the activity times. continues in this way. The project plan gets revised and you now have a new baseline budget given to you (Tab: Revised Budget) go to this worksheet and complete all the entries the EVM tables given for each update. Then, at the end period 8, give an assessment on project's progress in terms of its budget and schedule, if the project progress Project: CRM Budget Assess User Requirements $20,000 $5,000 $5,000 $5,000 8 $5,000 9 11 Assess Current System 12 13 14 $30,000 15 $10,000 16 $10,000 Specify System Requirements $10,000 17 18 19 20 21 $30,000 Send RFP for Software Vendors $15,000 $15,000 $15,000 Send RFP for Hardware Vendors $15,000 $5,000 $5,000 $5,000 Select Software Vendor $7,000 $10,000 $5,000 Select Hardware Vendor $8,000 $7,000 Program and Test the Module $200,000 $8,000 Train Users $100,000 Cumulative $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 Week 4 BAC Activity % Complete AC EV Assess User Requirements PV TSV Planned Duration 100% $20,000 Tov SPI CPI Assess Current System 100% $32,000 Forecast for cost (EAC$)? Cumulative Forecast for completion time (ETC Time) TCPI What is your overall assessment at this period (Week 8) , does it appear Week 8 that the project is likely to finish on-time and on-budget? Why or why Activity % Complete TAC EV Assess User Requirements PV TSV TCV not? Explain your assessment (your response should not exceed the 100% $25,000 SPI TCPI Forecast for cost (EAC$)? space provided here). Assess Current System 100% $32,000 Forecast for completion time (ETC Time)? Specify System Requirement 100% $18,000 TCPI Send RFP for Software Vendors 100% $8,000 Send RFP for Hardware Vendors 50% Cumulative $10,000