Given the follow data for a one year project, answer the following in a Word document:

Assume you have actual and earned value data at the end of the second month.

Given: Planned Value (PV) = $23,000

Earned Value (EV) = $20,000

Actual Cost (AC) = $25,000

Budget at Completion (BAC) = $120,000

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

B. How is the project progressing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?

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

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