Question 5 (1 point) Practice Question 1 After consultations with the sponsor, stakeholders and subject matter experts over a period of four weeks, a project Charter was signed. The project was to build a fence around a residential subdivision that is 8,000 feet in total length. The cost is estimated to be $12 per foot the project should take 16 weeks to complete based on a project of a similar scope done the previous year. A review of the project is done after 5 weeks when 2,700 feet of the fence is complete, at a cost of 32 thousand dollars. The PM and his team have examined their estimates and have concluded that project expenses and the schedule ratios will continue at this rate for the project duration Please enter your answer in this format where value only required: $29,143 Calculate Earned Value Metrics 5. a) What is the cost variance? b) What does this value mean? M A Question 6 (1 point) Practice Question #1 After consultations with the sponsor, stakeholders and subject matter experts over a period of four weeks, a project Charter was signed. The project was to build a fence around a residential subdivision that is 8,000 feet in total length The cost is estimated to be $12 per foot the project should take 16 weeks to complete based on a project of a similar scope done the previous year. A review of the project is done after 5 weeks when 2,700 feet of the fonce is complete, at a cost of 32 thousand dollars. The PM and his team have examined their estimates and have concluded that project expenses and the schedule ratios will continue at this rate for the project duration Please enter your answer in this format where value only required: 1.25 Calculate Earned Value Metrics 6. What is the cost performance of this project