Question: Given the following information for a one-year project, answer the following questions. Planned Value (PV) = $30,000 Earned Value (EV) = $27,000 Actual Cost (AC)

Given the following information for a one-year project, answer the following questions.

  • Planned Value (PV) = $30,000
  • Earned Value (EV) = $27,000
  • Actual Cost (AC) = $25,000
  • Budget at Completion (BAC) = $150,000
  1. What is the cost variance, schedule variance, cost performance index, and schedule performance index for the project?
  2. Is the project ahead of schedule or behind schedule?
  3. Is the project under budget or over budget?
  4. Use the cost performance index to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
  5. Use the schedule performance index to estimate how long it will take to finish this project.

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