a) Answer:

Cost variance = EV - AC = 20000 - 25000 = -$5000

Schedule Variance = EV - PV = 20000 - 22000 = -$2000

Cost performance Index = EV/AC = 20000 / 25000 = 0.8 or 80%

Schedule Performance Index = EV/PV = 20000/22000 = 0.909 or 90.90%

please answer one question if it's violating the policy, will post the rest in another questions.

1) Given the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV=$22,000 EV=$20,000 AC=$25,000 BAC=$120,000 a) What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? Show your calculations. b) How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget? Explain. c) Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned? Explain. d) Use the SPI to estimate how long it will take to finish this project. e) Sketch the earned value chart for this project, using Figure 7-6 in textbook as a guide