You have planned for a project to write a software application to take 1 year The cost of the project is budgeted at $12,500 per month Give answers for both typical and atypical forecasts Six months into the project, you find that the software application is 50 complete and you have spent $70,000 Based on this information, fill in the following table Value Budget at Completion Planned Value Earned Value Actual Cost Cost Variance Schedule Variance Cost Performance Index Schedule Performance Index Estimate at Completion Estimate to Completion Variance at Completion Is the project ahead of or behind schedule How do you know Is the project going to be completed over or under budget How do you know

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Question: You have planned for a project to write a software application to take 1 year. The cost of the project is budgeted at $12,500 per

You have planned for a project to write a software application to take 1 year. The cost of the project is budgeted at $12,500 per month. Give answers for both typical and atypical forecasts.

Six months into the project, you find that the software application is 50% complete and you have spent $70,000. Based on this information, fill in the following table.

	Value
Budget at Completion
Planned Value
Earned Value
Actual Cost
Cost Variance
Schedule Variance
Cost Performance Index
Schedule Performance Index
Estimate at Completion
Estimate to Completion
Variance at Completion

Is the project ahead of or behind schedule? How do you know?
Is the project going to be completed over or under budget? How do you know?

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