Question: Given the following information about a 10-month project, PV = $24,000 EV = $20,000 AC = $25,000 BAC = $120,000 answer the following questions and

Given the following information about a 10-month project,

PV = $24,000

EV = $20,000

AC = $25,000

BAC = $120,000

answer the following questions and provide detailed explanations.

  • How can the cost performance index (CPI) and the schedule performance index (SPI) be used to estimate project progress?
  • How is this project currently doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget? Provide detailed explanations.
  • Calculate the estimate at completion (EAC) for this project to estimate how mach it may cost and the estimated time to complete to see how long it may take to finish this project. Provide detailed explanations of your analysis.

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