Question: Given the following data for a one year project, answer the following: Assume you have actual and earned value data at the end of the

Given the following data for a one year project, answer the following: 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 much longer it will take to finish this project. This does not include the time already taken.

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