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What are the cost variance schedule variance cost


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

  1. What are the cost variance, schedule variance, cost performance index, and schedule performance index for the project?
  2. How is the project doing? Is it ahead of schedule or behind? Is it under budget or over?
  3. Use CPI to calculate the estimate at completion (EAC)? Is the project performing better or worse than planned?
  4. Use SPI as your guide, how long will it take to finish the project?

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