Given the following for a 12 month project, answer the questions that follow. (Total - 10 points)

Planned Value (PV) = $50,000 Rate of Performance (RP) = 80% Actual Cost (AC) = $48,000 Budget at Completion (BAC) = $500,000 Estimated Time to Complete the project is 12 months.

1. What is the cost variance (CV), schedule variance (SV) , cost performance index (CPI) and schedule performance index (SPI) of the project.? (5 points)
2. How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget? Explain your answers. (2)
3. Calculate the estimate at completion (EAC) for the project based on the above noted information. Is the project performing better or worse than planned (budget)? (2)
4. Estimate how long it will take to finish this project at the current rate of performance? (1 point)