Project manager and lead architect Mr$.$ Costanza of Vandelay Industries has begun a renovation project for the Guggenheim Museum in New York City. The initial analyses suggested the overall project would be scheduled to take two years $($i$.$e$.,24$ months$)$ with an approved budget at completion of $$4\mathrm{.}8$ million. PLEASE WRITE OUT ALL CALCULATIONS AND SHOW ALL WORK

A$)$

Assuming that all value enhancements to the project are linear $($i$.$e$.,$ the BAC was determined by assuming that the total costs would be spread equally among the $24$ months$),$ what is the planned value per month

B$)$

Eight months into the project, Mr$.$ Constanza determines that the earned value is $$180,000$ per month. What is the total cumulative planned value and cumulative earned value over this $8-$month period?

C$)$

Calculate and interpret both the schedule variance $($at the $8-$month period$)$ and the schedule performance index. These values should be calculated at the $8-$month time period $($i$.$e$.,$ using the values you calculated in part $($b$)).$ Is the project ahead of or behind schedule, and why or why not?

D$)$

In addition to the earned value, it was determined that the actual monthly cost was $$160,000$ per month. What is the cumulative actual cost over this $8-$month period?

E$)$

Calculate and interpret both the cost variance $($at the $8-$month period$)$ and the cost performance index. These values should be calculated at the $8-$month time period $($i$.$e$.,$ using the values you calculated in parts $($b$)$ and $($d$)).$ Is this project faring well with respect to its $$cost spent$$ and $$value earned$$ metrics?

F$)$

Whereas Mr$.$ Costanza is very interested in the total amount of money expected to be spent, one of the key stakeholders, Mr$.$ Lipman, is very interested in the anticipated completion date of the project. Please use the above information to determine both the new projected completion date and the new cost estimate at completion. Will either of these stakeholders be happy? Make a plot showing the PV$,$ EV$,$ and AC $(8$ months$),$ BAC at $24$ months, and the new time estimate and EAC$)$