\fDescription For this assignment, provide a periodic Earned Value Status and a one-page Executive Status report required b the PMO. You may make realistic assumptions regarding project details. You are in charge of the Innovation project. Given the following project network, baseline, and status information, develop status reports for periods 1-8 and complete the performance indexes table. Calculate the forecasted EAC and the forecasted YAC. Based on your data, what is the current status of the project (use the status information from period 8)? At completion? Project: Red Octopus (#72) Project manager: Xavier Hart Project priority now: 4 Status as of: April 1 Eamed value figures: PV EV AC 5V cv BAC 5BE,240 566,064 596,800 22,176 -30,736 1,051,200 EAC VAC EAC, CPI PCIB PCIC 1,090,640 39,440 1,107,469 95 538 547 Project description: A computer-controlled conveyor balt that will move and position items on the belt with accuracy of less than one millimeter. Status summary: The project is approximately 25 days behind schedule and $30,736 over budget. Explanations: The schedule variance has moved from noncritical activities to those on the critical path. Integration first phase, scheduled to start 3/26, is now expected to start 4/19, which means it is approximately 25 days behind schedule. This delay is traced to the loss of the second design team, which made it impossible to start utilities documentation on 2/27 as planned. The cost variance to date is largely due to a design change that cost $21,000. Major changes since last report: The major change was loss of one design team to the project. Total cost of approved design changes: $21,000. Most of this amount is attributed to the improved design of the serial 1/O drivers. Projected cost at completion: EAC, is estimated to be $1,107,469. This represents an overrun of $56,269, given a CPl of .95. Foracasted completion date: October 23. Risk watch: Five team members were stricken with flu. \fIndividual Project Rubric The Individual Project (IF) Grading Rubric is a scoring tool that represents the performance expectations for the IF. This Individual Project Grading Rubric is divided into components that provide a clear description of what should be included within each component of the IP. It's the roadmap that can help you in the development of your IP. Points Points Expectation Comments P Possible Earned Assignment-Specific: Creates periodic status details, Assignment-Specific: Creates a one page status report. Assignment-Specific: Discusses period status information and one page status information. 12 ) Q|2 _U 0 12 1 10 H.l i o 918|888 3182, a8 2m il B B 3 i w|wm|x|kF|W Use the following documents as an example when completing your work: * Status Report * Status Report Sample Please use the following templates to complete your work: * Status Report Template * P|Med40 IPS Template