Question 4 (30 marks) As the Project Manager for the EduStream project, it is now time to propane an update for the wouldy planning meeting (Week 8), which is due in about an hour. Unfortunately, your Microsoft Project is off-ling, so you will have to conduct the Eamed Value Management (EVM) analysis for this part of the project manually. Use the information have to assess the current situation and then answer the questions on the answer sheet Cost $ Budget Por Cost (BC) Wookj $4,500 $13 500 $7 400 14,800 $156010 $31000 40,500 $104,500 $5,200 931,200 4,800 BAG 1240,600 Progress Report till and of Work a Activity % Complete Incurred Cost 100% $11, 100 100% $19,500 $10, 120 40% $12,750 40% $18 030 $10, 100 From the information developed through the EVM calculations in Part a) of Question 4, please answer the following questions. These should be answered in the table cells provided [15 Marks) What are the implications in relation to cast feig., are we over budget, under, budget, ale 17 Explain this in terms of the CPI & CY results and explain any nuances that are applicable to this What are the implications in relation to schedule je.g, are we ahead of schedule or behind schedulel? Explain this in terms off the BPI & BY and explain any nuances that are applicable to this ICT201 IT Project Management Page S of 8 What is your Estimate at Completion (EAC]7 Explain what the EAC demonstrates and outline any nuances that are applicable Do this case What is the Variance at Completion (VACT? Explain what the VAC demonstrates and outline any nuances that and applicable to this case What recommendations for managing this situation would you provide to the Project Sponsor? Think about this realistically and corrider your answer in terms of the contractors doing the work ( Stream Tech is doing Activities A. B and G and DemBet is responsible for Activities C, DE and FX