Complete the exercise below.

You are assigned to a project with an initial budget of $200,000 USD. Midway through the project, you review the schedule and costs. Based on your review,

• You should have spent $50,000 to date based on your initial plans and 100 days activities that were based on the schedule.
• You have actually spent $60,000 to date and completed activities for 110 days of the scheduled baseline, which should have cost $45,000 based on your initial plans.
• Budget required for the remaining work to be completed is estimated at $150,000.

Answer the following

PV (Planned Value) =

AC (Actual Cost) =

EV (Earned Value)=

ETC (Estimate to Complete) =

CPI =

SPI =

CV =

SV =

VAC (Variance at Completion) =

EAC (Estimate at Completion) =

TCPI =

Based on your earned value review, is the project under/over budget, behind/ahead of schedule and will the project be easy to complete with the current budget.