Question: Using the scenario presented below, answer the following questions: 1. What are the CPI and SPI of the project, respectively? 2. What are the CV

Using the scenario presented below, answer the following questions: 1. What are the CPI and SPI of the project, respectively? 2. What are the CV and SV of the project, respectively? 3. What is the Variance at Completion? 4. What is the status of your project (ahead/behind schedule, over/under budget)? Remember: EV=the estimated value of the work actually accomplished as of today. You are managing an education project for the Ministry of Education with an initial budget estimate of $1,000,000. During interim cost and schedule performance analysis, you figured out that: You should have spent $250,000 by now, based on your initial plans and 500 man/days of schedule activities. You have spent $300,000 thus far, and have completed 550 man/days of schedule activities, which should have cost $225,000 based on your initial plans
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