2. E-Motion Visual Enterprise is contracted to finish a filming project predetermined to be completed in 18 months. The filming project's budget is R955 000. Eight (8) months have passed and R725 000 has been spent. Based on the current project progress report, 55% of the work has been completed. Given that the project's Earned Value (EV) is R516 000 and Present Value is R589 000, measure the project performance by calculating the following:

2.1 Schedule variance (SV) and interpret the meaning of the filming project's SV value. (1x4=4 marks)

2.2 Cost variance (CV) and interpret the meaning of the filming project's CV value.

(1x4=4 marks)

2.3 Assuming the filming project is behind schedule, identify and explain two (2) methods at your disposal you can use to compress the project schedule. Substantiate your answer by indicating two (2) ways in which you would apply each method to compress the project schedule. (5x2 =10 marks)