Section B Given the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the eamed value, AC is the actual cost, and BAC is the budget at completion PV $23,000 EV= $20,000 AC $25,000 BAC $120,000 What is the cost variance, schedule variance, cost performance index (CPI), and 1. schedule performance index (SPI) for the project? Week 7 Formula Term EV PV to date RP CV EV-AC sV EV PV Earned value (EV) Cost variance (CV) Schedule variance (SV) Cost performance index (CPI) CPI EV/AC Schedule performance index (SPI) SPI EV/PV - I Estimate at completion (EAC) Estimated time to complete Original time estimate/SPI