Problem Background Your project consists of six activities shown in the table below, along with: (1) planned start and finish dates; (2) activity budgets; and (3) earned value (EV) accrual rules from you project cost management plan. Activity Planned Start Planned Finish Budget EV Accrual Rule Activity One Mon - 10/13/14 Fri - 10/31/14 ( 10,000 Percent Complete with Gates Activity Two Mon - 10/20/14 Fri -11/28/14 30,000 Fixed Formula -50/50 Activity Three Mon -11/3/14 Fri -11/14/14 7,000 Fixed Formula -20/80 Activity Four Mon -10/13/14 Fri -11/14/14 20,000 Weighted Milestones Activity Five Mon 11/17/14 Fri - 12/5/14 10,000 Fixed Formula – 0/100 Activity Six Mon -12/8/14 Fri -12/19/14 7,000 Fixed Formula – 0/100 Activity Two has a start-to-start relationship (one week lag time) with Activity One. Activity Three has a finish-to-start relationship with Activity One. Activity Five has finish-to-start relationships with activities Three and Four. Activity Six has finish-to-start relationships with activities Two and Five. Assumptions 1. Assume a five-day work week. 2. For all activities (except Activity Four), assume the expenditure rate is constant over the duration of the activity, i.e.: For Activity Four, assume the expenditure profile shown below: The project sponsor wants you (the PM) to present a project cost and schedule performance assessment using data through Friday, Nov 7, 2014. You have collected the following information: Activity Actual Start Actual Finish Actual Cost Activity One Mon - 10/13/14 Fri - 11/3/14 12,000 Activity Two Mon - 10/20/14 12,000 Activity Three Mon -11/4/14 4,000 Activity Four Mon -10/13/14 20,000 Activity Five 0 Activity Six 0 For Activity One, three equally-valued gates have been established and all gates are complete as of 11/7/14. For Activity Four, four milestones have been established with the following values: (1) milestone 1 – 30%; milestone 2- 30%; milestone 3 – 10%; milestone 4 -30%. Three of the milestones are complete as of 11/7/14. Show all work. Round dollar values to the nearest dollar. Calculate all other variables to three decimal places. 1. Earned Value Measures a. Calculate earned value measures for each activity and for the cumulative project as of 11/7/14; fill in the table below: Activity Planned Value (PV) Earned Value (EV) Actual Cost (AC) Activity One 12,000 Activity Two 12,000 Activity Three 4,000 Activity Four 20,000 Activity Five 0 Activity Six 0 Entire Project 48,000 ExpendituresTime ExpendituresWeeks123455.5K3.0K .