You are managing a software design project for the given case study composed of 20 tasks. Each task was estimated to cost $500; therefore, BAC = $10,000. Each task was estimated to be completed in two months; therefore, the total planned duration for the project was estimated to be 40 months. Since each task is expected to have the same cost and duration, the completion of an individual task represents 10% completion of the design project. In the current fifth month, only three tasks have been fully completed at a cost of $5,000. You need to provide upper management with current progress status. 6 Earned Value Management (EVM) is a project management technique to determine the progress of tasks based on the value of the work currently completed versus the work that was expected to be completed at that particular time. Based on the situation above, show the implementation of the EVM equations in order for you to explain to the upper management.