1. A project is about a third of the way through its scheduled activities, and an earned value management report has been prepared. The summary indicates that it has a CPI of 0.9 and an SPI of 0.8. What do these two values tell you about the project?
2. A project is about half done with a CV of $(4,000) due to atypical costs in the first half of the project. Its project manager provides an ETC of $50,000. Interpret this statement in your own words.
3. Give an example of an analogous estimate and a parametric estimate that are different from those described in the text.