iven an activity in a medical device development project whose

planned cost was $212,000$ but actual cost to date is $110,000$ so far.

The activity is $70\%$ completed thus far.

Calculate the following:

Cost variance $($CV$)$

Schedule variance $($SV$)$

Cost Performance Index $($CPI$)$

Schedule Performance Index $($SPI$)$

Comment on your results and the actions you would take