Question: Earned Value Management - Given the following information for a partially-completed project with an estimated total duration of one year, answer the following questions. Recall

Earned Value Management - Given the following information for a partially-completed project with an estimated total duration of one year, 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. To receive credit, show your work for all answers.

PV=$77,000 EV=$67,000 AC=$51,000 BAC=$125,000

1What is the cost variance (CV), schedule variance (SV), cost performance index (CPI), and schedule performance index (SPI) for this project?

2How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?

3Use the CPI to calculate the estimate at completion (EAC) for this project.

4Use the SPI to estimate how long it will take to finish this project.

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