Analyze the financial problem faced by this project. You are given the following information at the end of year 1 of the 3-year project.
PV = $50,000;
BAC = $150,000;
EV = $40,000;
AC= $60,000.
a) Describe how well the team is progressing in terms of schedule and cost?
b) What do you expect the EAC to be depending on the different possibilities?
c) What is the TCPI given the EAC? What will be your recommendation to the project team (work harder/ work at same pace/ work slower)?