APEX is a leading IT solutions provider in HK. It has an e-commerce project that has planned to spend $3M per month for a total budget at completion of $36M. After 2 months of work, 10% of work has been completed and the actual cost is $3M. Given the information, a) Find the cost and schedule variances, also find CPI and SPI for the project. b) Does the project appear to be in control? Justify your answer. c) Estimate the cost at completion. (3 marks) d) How does Earned Value help to address and manage the project performance? e) If you were the project manager, what characteristics would you be looking for in the new control system? Will a new control system be adequate for the problem? Or you might have to adjust the cost/duration of the project? Explain the