Using the following information for a one-year software development project, answer the following four questions.
- PV = $23,000
- EV = $20,000
- AC = $25,000
- BAC = $120,000
- What are the cost variance, schedule variance, cost performance index, and schedule performance index for the project?
- How is the project doing? Is it ahead of schedule or behind? Is it under budget or over?
- Use CPI to calculate the estimate at completion (EAC)? Is the project performing better or worse than planned?
- Use SPI as your guide, how long will it take to finish the project?