Question A.3 A project to expand the James Parsons building at LJMU is taking place. The work is scheduled to last 16 weeks and must be completed on time to accommodate additional students due to join the University in September. Week 8 of the project has just ended and 85,000 of the project budget has been spent. You are to use the Earned Value Analysis technique with the data provided in Table A.31, to monitor the project's progress and answer the following question: a) Assuming nothing changes, work out the new total estimated cost at completion and the new total estimated time at completion (to 1 decimal place). [10 marks] b) By how much will the project cost and time vary from the original plan? [2 marks] c) Very briefly, state one measure that could be taken to improve the situation. [1 mark] Note 1: Show calculations. Note 2: The Earned Value column in the table below has purposely been left blank Table A.31 Task progress. Project week Task Budgeted cost () Task done Actual cost () Earned value () A 12,000 Yes 10,000 BCDE 22,000 Yes 20,000 38,000 Yes 38,500 18,000 Yes 16,500 20,000 No Today (week 8) Project END FGH- 25,000 20,000 10,000 5,000