3. Project Monitoring (Earned Value Analysis) You have been given a project to transfer 10,000 units of water from the South to the North over 50 days. You planned to produce at a steady rate of 25 units per day. The budget cost per unit of water is 50p. The total project budget is 5000. At the end of day 10 you have transferred 130 units at a cost of 950 (AC). a) Calculate the Planned Value (PV) and the [5 Marks] Earned Value (EV) of the project b) Calculate the Schedule Variance (SV) and the [10 Marks] Schedule performance index (SPI) c) Calculate the Cost Variance (CV) and the [10 Marks] Cost performance index (CPI) d) Calculate and explain the Estimate at Completion (EAC) [10 Marks]