Question 1 Project Monitoring (Earned Value Analysis): You have been given a project to make 1,000 units of colouring pens over 50 days. You planned to produce at a steady rate of 25 pens per day. The budget cost per pen is 50p. The total project budget is 500. At the end of day 10 you have made 130 pens at a cost of 95 (AC).

A . Calculate the Cost Variance (CV) and the Cost

performance index (CPI).

B. Calculate and explain the Estimate at Completion (EAC)