Unit 2 determining project budget estimates

For this Assignment, please provide comprehensive responses to the following questions: (a) By using an example, explain the type of project performance information that is useful to the team when determine if the cost, schedule, and scope baselines are on target. (b) Discuss the process by which changes to the project scope are managed. Why is it important to have a formal process? (c) Explain the following EVM results: Project A (CV = 400, SV = -700); Project B (CPI = 1.30, SPI = 0.74); Project C (CV = -850, SV = -450); Project D (CPI = 0.34, SPI = 0.18); Project E (CPI = 1.0, SPI = 1.0). In each situation, provide a plan of corrective action to the project manager, if any is recommended. (d) By using an example, explain why the project manager might place more emphasis on the schedule over the budget. In other words, how does schedule drive costs?