Your office building is undergoing minor renovations. The entire project is scheduled to last $16$ weeks at a total cost of $$25,000.$ It is eight weeks into the project and your manager asks you whether the project is on schedule. You plan to use various analysis techniques to determine the status.

$1.$ You plan to measure project progress by comparing the actual performance against planned performance as documented in the schedule and cost baselines. What method will you use?$$a$.$ EV$$b$.$ AC$$c$.$ PV$$d$.$ EVM

$2.$ According to your baselines, you expected to complete $$15,000$ worth of work by the end of the eighth week. What is the term for this information?$$a$.$ AC$$b$.$ EV$$c$.$ PV$$d$.$ SV

$3.$ According to your status reports, you've completed $48\%$ of the work so far. Based on this information, what is the EV$?$

$4.$ How do you determine the AC for your project?

$5.$ Given the PV$,$ EV$,$ and SV values that you know, what actions should you take at this point? $($Choose two.$)$a$.$ Bring it to the attention of the CCB with some possible solutions.$$b$.$ Use it to decided whether a corrective action is needed.$$c$.$ Investigate the root cause of the variance.$$d$.$ Bring it to the attention of the project stakeholders.

$6.$ What is the SV for your project, how did you calculate it$,$ and what does it indicate?

$7.$ What is the SPI for your project, how did you calculate it$,$ and what does it indicate?

$8.$ What should you do with the results of your performance measurement analysis?