Lab Class #5 (Homework) You are stepping in to replace a project manager who has had to leave abruptly. She tells you that the following is true of the software development project that you're about to assume responsibility for: > The project is responsible to stand up 24 unique web pages - each with a unique functionality (serving a specific business unit). > After consulting w/ the project team, they committed to complete 2 web pages per month (completing all web pages in 12 mo). > Each web page cost is planned at $100.00 > After 9 months of work, the team has completed 20 of the 24 web pages. > CPI currently stands at.9091 1. As Project Manager you assess which of the following to be true about the project you're taking over: A. Over budget and ahead of schedule B. Under budget and ahead of schedule C. Over budget and behind schedule D. Under budget and behind schedule. Hint: for the 1st part of the answer, recall what we said in this lab about the 3 possible values of CPI in relation to 1.0 As for the 2nd part of the answer it should be obvious from the information given atop. 2. The actual cost of your project right now is: A. $1800 B. $2000 C. $2200 D. $2400 Hint: You were given CPI and you know CPI = earned value (EV) / actual value (AV). You can figure the earned value (EV) from the info given atop -- it is the completed units times the cost per unit. So, plug in the CPI and the EV into the formula CPI = EV/AV and solve for the remaining variable which is AC