Question: Let's assume that a project you are on needs to develop a website with 4,000 web pages. The estimated budget at completion (BAC) is $400,000.

Let's assume that a project you are on needs to develop a website with 4,000 web pages. The estimated budget at completion (BAC) is $400,000. The time limit for the project is 12 months. After 6 months, the Actual Cost (AC) is found to be $300,000. The work completed is 1,000 web pages, i.e. only $100,000 worth of work has been completed. Below is a chart showing the S-curves for the Earned Value (EV), the Actual Cost (AC), the Planned Value (PV), and the Total Budget (BAC) EMV S-Curve 40.000 $400,000 $200.000 S2000 Shooooo 51360 53000 SO f After 6 months The Planned Value (PV) = 2,000 web pages = $200,000 The Earned Value (EV), ie, actual value of work done - 1,000 web pages = $100,000 Tho Actualcast 000 After 6 months: . The Planned Value (PV) = 2,000 web pages = $200,000 The Earned Value (EV), ie., actual value of work done = 1,000 web pages = $100,000 The Actual Cost (AC) = $300,000 The Total Budget (BAC) = $400,000 . Please answer the following questions by filling in the blanks. The formulas are given for each: 1. Question: What is the Schedule Variance (SV) in this situation given the formula SV = EV - PV - (note that a negative variance is not good). This project is Schedule. 2. Question: What is the Cost Variance (CV) in this situation given the formula CV-EV-AC - (note that a negative variance is not good). This project is Budget 3. Question: What is the Schedule Performance Index (SPI) in this situation given the formula SPI-EV/PV . Note that SPI

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