Given the following information for a one$-$year project, PV : $$47,000,$ EV : $$40,000,$ AC

:$$49,000$ and BAC : $$240,000$

$($a$)$ What is the cost variance, schedule variance, cost performance index$($CPl$)$ and schedule

performance index$($SPl$)$ for the project?

$($b$)$ How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or

over budget?