You have planned for a project to write a software application to take 1 year. The costs on this project are budgeted at $12,500 per month.

Six months into the project you find that the software application is 50% completed, and you have spent $70,000.

Step 1: Based on the information provided in the example above, fill in the values for the following table (6 points):

	Value
Budget at Completion
Planned value
Earned value
Actual cost
Cost Variance
Schedule variance
CPI
SPI
Estimated at Completion
Estimated to Completion
Variance to Completion
TCPI (To-Complete Performance Index) Is the project ahead, behind, or on schedule? is the project going to be completed over or under budget?