2. Earned-value analysis. A project budget calls for the following expenditures:

Task	Date	Budgeted Amount
Build forms	April 1	$10,000
	April 1	$50,000
Pour foundation	May 1	$100,000
	May 1	$30,000
Frame walls	June 1	$30,000
Remaining tasks	July 1 and beyond	$500,000

Define each term in your own words, calculate these values for the above project, and show your work:

1. Budgeted cost baseline (make a graph illustrating this one)
2. Budget at completion (BAC)
3. Planned value (PV) as of May 1
4. Earned value (EV) as of May 1 if the foundation work is only two-thirds Everything else is on schedule.
5. SV as of May
6. Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May
7. Schedule performance index (SPI)
8. Cost performance index (CPI)
9. Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs
10. Estimate at completion (EAC)