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Question 2. You are asked to undertake a project that consists of four activities: A-B-C-D. Activity A is worth 40,000, is complete and actually cost 40,000. Activity B is worth 20,000, is 50% complete and has actually cost 15,000 so far. Activity C is worth 1,000, is 75% complete and has actually cost 950 so far. Finally, Activity Dis worth 3,000, is 25% complete and has actually cost 1,200 so far. What is the current status of this project? Use the information and formulas provided to calculate the following: a) Total planned value of the scheduled work [2 marks] b) Total earned value for the project [2 marks] c) Total actual cost of the work performed [2 marks] d) Cost Variance [1 mark] e) Schedule Variance [1 mark] f) Cost Performance Index (CPI) [2 marks] g) Schedule Performance Index (SPI) [2 marks] h) Budget at Completion (BAC) [1 mark] i) Estimate at Completion (EAC) [2 marks] j) Estimate to Complete (ETC) [1 mark] k) is the project on time and on budget? Please, justify your answer by using the appropriate indicators [4 marks] Calculations must be shown Formulas CV = EV - AC = BCWP - ACWP; SV = EV - PV = BCWP - BCWS; CPI = EVIAC = BCWP/ ACWP; SPI = EV/PV = BCWP/BCWS; EAC = BAC/CPI = BAC/(BCWP/ACWP); ETC = EAC-AC = EAC - ACWP