1) Given the following information for a one-year project, provide answer for the following given questions. Recall that EV is the earned value, PV is the planned value, AC is the actual cost, and BAC is budget at completion.

PV - $ 23.000

EV - $ 20.000

AC - $ 25,000

BAC - $ 120,000

a) Specify the cost variance, schedule the variance, cost performance index (CPI), and schedule performance index (SPI) for the project?

b) Describe how is the project doing? Describe whether it is ahead of schedule or behind the schedule? Is ~ under the budget or over the budget?

c) Use the CPI to determine the estimate at completion (EAC) for this project. Describe whether project is performing better or worse than planned?

d) Use the schedule performance index (SPI) to estimate how long ~ will take in order to finish this project.

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