Gladiator Enterprises utilizes a 10% contingency reserve and a 2% management reserve for all its projects. The planned value (PV) during the first month of implementation of this project, is $13,000, the budget at completion (BAC) is $30,000 and 40% of the work planned to date was accomplished at an actual cost of $15,500. Its solar-powered charger project's budget information 1s shown in the table below:

Activities	Cost/US$
Concept	8,000
Design	5,523
Implementation	8,550
Test	1,600
Handover	3,600

1. Calculate the project's cost estimate and its cost budget.
2. Calculate the project's Earned Value
3. Calculate the project's Cost Variance.
4. Calculate the project's Schedule Variance.
5. Calculate the project's Schedule Performance Index
6. Calculate the project's Cost Performance Index
7. Calculate the project's Estimate at Completion.
8. Based on your calculations describe the overall performance on the project to date.