Problem 1: Find the schedule and cost variances for a project that has an actual cost at month 22 of $540,000, a scheduled cost of $523,000, and an earned value of $535,000. ($000) Month AC PV EV 22 $540 $523 $535 CV Favorable or Unfav? SV Favorable or Unfav? Problem 2: A sales project at month 5 had an actual cost of $34,000, a planned cost of $42,000, and a value completed of $39,000. Find the cost and schedule variances and the CPI and SPI. ($000) Month AC PV EV 5 $34 $42 $39 CV Favorable or Unfav? CPI SV Favorable or Unfav? SPI Problem 3: A software development project at day 70 exhibits an actual cost of $78,000 and a scheduled cost of $84,000. The software manager estimates a value completed of $81,000. What are the cost and schedule variances and CSI? Estimate the time variance. ($000) Day AC PV EV 70 $78 $84 $81 CV Favorable or Unfav? CPI SV Favorable or Unfav? SPI CSI On target? TV Delayed or on time? Problem 4: A project to develop a county park has an actual cost in month 17 of $350,000, a planned cost of $475,000, and a value completed of $300,000. Find the cost and schedule variances and the three indexes. ($000) Month AC PV EV 17 $350 $475 $300 CV Favorable or Unfav? CPI SV Favorable or Unfav? SPI CSI Favorable or Unfav? Attached are several EVM problems. Work with your team to submit the responses to each one. You may work these in a spreadsheet to make it easier. Not only do I want the numbers, but I want an explanation as to what is going on with the project once the numbers to each problem are discovered. You will need to fill in the blue sections on each project.