$-$ BAC $($Budget at Completion$)$: $$250,000$

$-$ PV $($Planned Value$)$: $$125,000$

$-$ EV $($Earned Value$)$: $$250,000$

$-$ AC $($Actual Cost$)$: $$250,000$Using this information, write a one$-$ to two$-$page report that answers the following questions:

What is the cost variance, schedule variance, cost performance index $($CPI$),$ and schedule performance index $($SPI$)$ for the project?

Use the CPI to calculate the estimate at completion $($EAC$)$ for this project. Use the SPI to estimate how long it will take to finish this project. Sketch an earned value chart using the above information, including the EAC point. See Figure $7-5$ as a guide. Write a paragraph explaining what this chart shows.

How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget? Is it way off track or not? Should you alert your senior management and ask for assistance? Should you talk to your sponsor before the meeting to discuss this data?