Given the following information for a one-year project, answer the following questions. Recall

that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the

budget at completion.

   PV $22,000

EV $20,000

AC $25,000

BAC $120,000

5

5

5

5

  What is the cost variance, schedule variance, cost performance index (CPI), and

schedule performance index (SPI) for the project?

.  How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget

r over budget?

.  Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project

performing better or worse than planned?

.  Use the SPI to estimate how long it will take to finish this project.