1). Complete the Earned Value Analysis using the information provided below (Compute: ETC, EAC, CPI, and VAC). The answers should be numerically (e.g., 1000) , and do not include dollar ($) signs or commas (,) in the answers.

Assessment Scenario

For the Fast Delivery Parts project, you identified that SIX major new software features are required for the information systems to address the three major issues: Data Inconsistency, Information System Silos, and Security Breaches. The projected cost for the project is $1,000,000 and development is expected to take 5 months. At the end of the second month, you have spent $175,000 per new software feature and you have completed development of two new features. You are about to start the development of the third new software feature. Based on this information, complete the missing parts of the table below:

ItemValueBAC (Budget At Completion)1000000PV (Planned Value)400000EV (Earned Value or Budgeted Cost of Work Performed)333333.33AC (Actual Cost of Work Performed)350000CV = EV-AC (Cost Variance)-16667SV = EV PV (Schedule Variance)-66667CPI = EV/AC (Cost Performance Index) SPI = EV/PV (Schedule Performance Index)0.83EAC = BAC/CPI (Estimate at Completion) ETC = EAC-AC (Estimate to Complete) VAC = BAC-EAC (Variance at Completion) TCPI (Cost) = (BAC-EV)/(BAC-AC) (To Complete Performance Index)1.03

Based on the values computed, is the project ahead of schedule or behind schedule? Will the project be completed under or over budget?