Currently, Clyn contractors have over 6 projects on the books; however, the construction of a fully-fledged academy with specialist water sports facilities, valued at 12m, has been experiencing challenges. The challenges on the project relate to overspending, slow progress, and inadequate protocols for efficient processing of interim payments.

(b) With the help of templates, tables, or diagrams, explain how you would institute a workable earned value analysis system to resolve the problems affecting the fully-fledged academy site. (400words)