Question: Given the following information for a one-year software project, answer the following questions. PV=SAR60,000 EV = SAR55,000 AC-SAR50,000 BAC - SAR120,000 a. What is the

Given the following information for a one-year software project, answer the following questions. PV=SAR60,000 EV = SAR55,000 AC-SAR50,000 BAC - SAR120,000 a. What is the cost variance (CV), schedule variance, cost performance index (CPI), and schedule performance index (SPT) for the project, write the equations used for the answer? (6 Marks) b. How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget, Justify your answer? (2 Marks) c. Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned? (2 Marks) d. Use the schedule performance index (SPI) to estimate how long it will take to finish this project. (1 Mark)

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