Given the following information for a one-year project:
? PV = $23,000
? EV = $20,000
? AC = $25,000
? BAC = $120,000
Assume you have actual and earned value data at the end of the second month. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion.
What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? How might this information be shared with stakeholders?