Objective: To gain experience calculating earned value, cost variance, schedule variance, and cost performance index. Exercise: Given the following Project Baseline Plan, complete the form to develop a status report for the project at the end of period 4 and the end of period 8 . What is the status of the project at the end of period 8 ? Part 1: Complete the following tables Step \#2: Calculate the Performance Indexes Summary: CPI: Cost Performance Index; CPI = EV / AC (ratio: for every $ spent, this is the amount of $ value earned) Step \#3: Calculate Forecasted Cost at the end of Period 8: Assumption \#1. FCAC=TPV/CPI= Assumption \#2. FCAC=CAC+(TPVCEV)=