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QUESTION 2 [10 MARKS] Earned value analysis is a way to measure the amount of work actually performed on a project and to forecast a

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QUESTION 2 [10 MARKS] Earned value analysis is a way to measure the amount of work actually performed on a project and to forecast a project's cost and date of completion. Suppose you are making cookies for a large party to be held tomorrow with the following plans: 40 cookies per batch 5 batches per hour 5 hours to make a total of 1000 cookies Budgeted cost per cookie is MYR0.05 Total budget is MYR50.00 for cookie ingredients, or MYR10 per hour Progress after an hour: 150 edible cookies have been made Total actual cost of ingredients used so far is MYR9.00 Analyze the schedule performance index and cost performance index of the activity

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