Question: Given the following information for a one-year project and keep in mind that PV is the planned value, EV is the earned value, AC is

Given the following information for a one-year project and keep in mind that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $47,000 EV = $32,000 AC = $27,000 BAC = $161,000 Answer the following questions: What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?

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