When looking at the life of a project plan, it is useful tograph and outline the cost variance (CV), and schedule variance(SV). Determining progress, or lack of progress, provides essentialinformation to assess a given project. Execise#2: 2. On day 51 aproject has an earned value of $600, an actual cost of $650, and aplanned cost of $560. Compute the SV, CV, and CPI for the project.What is your assessment of the project on day 51? Complete exercise2 Given the data provided, in an excel spreadsheet,PowerPoint, or other appropriate method of delivery,determine the following: 1. Schedule Variance (SV) 2. Cost Variance(CV) 3. Schedule Performance Index (SPI) 4. Cost Performance Index(CPI) In 250-300 words, answer the questions provided with theexercise. Reflect on the assessment of this project assessment.Should the project continue to improve?
