Question: Problem 2. A project has just completed its 87 th item in the project plan. It was scheduled to have spent $300,000 at this point

Problem 2. A project has just completed its 87^th item in the project plan. It was scheduled to have spent $300,000 at this point in the plan, but has actually spent only $250,000. The project manager estimates that the value of the work actually finished is nearly $200,000. What are the spending and schedule variances for the project? What are the SPI and CPI? What is the Critical Ratio?

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SPI =

CPI =

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