The concept of âEarned Valueâ gives a more accurate picture of project schedule and cost status compared to a simple âPlan Versus Actualâ system. Explain what this statement means with the aid of an example. (10 marks)(b) Explain the steps involved in creating a Work Breakdown Structure (WBS) and the benefits of this approach. Use diagrams to illustrate your answer.(C) As the project manager for the project, identify your key stakeholders and describe how you would develop a communication plan for this project?