Question No$.3$

An owner of a house budgets $$100,000$ to renovate a house and the target duration is $50$ days.

On Day $25,$$$65,000$ was actually spent $($for buying material, employing workers, etc$)$ and $48\%$

of the house area has been renovated. Assuming linear projection, please determine the Planned

Value, Actual Cost, Earned Value, Schedule variance $($SV$),$ Schedule Performance Index $($SPI$),$

Cost variance $($CV$),$ and Cost Performance Index $($CPI$).$ Please show all the calculation

procedures.