You are completing a software development project. This project is expected to add SIX new features to a popular software program you sell to customers. The projected cost for the project is $100,000 and the development is expected to take 5 weeks. At the end of the second week, you spent $17,500 per new software feature and you completed the development of two new features. You are about to start the development of the third new software feature. Based on this information, fill in the table below:
BAC
PV
EV
AC
CV = EV-AC
SV = EV - PV
CPI = EV/AC
SPI = EV/PV
EAC = BAC/CPI
ETC = EAC-AC
VAC = BAC-EAC
TCPI (Cost) = (BAC-EV)/(BAC-AC)
Based on the values you computed, is the project ahead of schedule or behind schedule? Will the project be completed under budget or will it exceed the budget?