You are the project manager for a project to add functionality to your company's web site. The project has been broken down into four iterations (releases).
Each of the iterations will take 20 days to complete at a cost of $20,000 per iteration. Today is the end of what should be iteration three.
The current status of the project is as follows: Iteration One complete, spent $20,000 Iteration Two complete, spent $25,000 Iteration Three half done, spent $17,000 Iteration Four Not started.
Please provide the following values: PV, EV, AC, CPI, SPI, EAC, ETC, BAC Also, do you get 75% completion for iteration 3?
If so how did you come up with this answer when it says that iteration 3 is half (50%) complete?