Answered>Order 3048
Given the following information for a one-year project, answer the following questions.
- Planned Value (PV) = $30,000
- Earned Value (EV) = $27,000
- Actual Cost (AC) = $25,000
- Budget at Completion (BAC) = $150,000
- What is the cost variance, schedule variance, cost performance index, and schedule performance index for the project?
- Is the project ahead of schedule or behind schedule?
- Is the project under budget or over budget?
- Use the cost performance index to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
- Use the schedule performance index to estimate how long it will take to finish this project.
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