A leading FMCG company has hired an advertising agency to work on its media campaign project. The project is about to launch a series of dairy products in the country. The total duration of the project is 6 months. The initial amount approved by the sponsors was PKR 11,000,000/- for the entire project. At the end of 4th month, the project is only 35% completed while the Project team had already utilized PKR 7,000,000/- against several expenses.

1. [02 marks] Find Actual Cost(AC), Planned Value (PV) and Earned Value (EV)
2. [02 marks] Calculate the projects health by finding values of Schedule Variance (SV), Schedule Performance Index (SPI), Cost Variance (CV) and Cost Performance Index (CPI).
3. [01 mark] What can you inferred from the values calculated above related to the performance of this project?
4. [01 mark] If the project continues at the current pace, what will be the true cost of the project or Estimate at Completion (EAC) of the project?