Question: A project has just completed its 87th item in the project plan. It was scheduled to have spent $300,000at this point in the plan, but

A project has just completed its 87th item in the project plan. It was scheduled to have spent $300,000at this point in the plan, but has actually spent only $250,000. The project manager estimates that the value of the work actually finished is nearly $200,000.What are the spending and schedule variances for the project? What are the SPI and CPI?What is the Critical Ratio?

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