You are managing a project that is scheduled to take 12 months to complete and has a budgeted actual cost (BAC) of $1,500,000. At the Status Date, the project has the following characteristics:...

 You are managing a project that is scheduled to take 12 months to complete and has a budgeted actual cost (BAC) of $1,500,000.
At the Status Date, the project has the following characteristics:
Planned value (PV)    $450,000 Actual cost (AC)    $520,000 Percentage of work completed  28%
Calculate the following quantities:
Earned Value (EV)
(4 marks)

Cost Variance (CV)
(3 marks)

Schedule Variance (SV) (3 marks) Cost performance index (CPI) (3 marks) Schedule performance index (SPI) (3 marks)   Using your results, apply the three (3) formulae listed in Section 7.4.2.2 of the text to the calculation of the Estimate at Completion (EAC) of the project.
These formulae are as follows:
 EAC=AC + (BAC – EV)  EAC=BAC/CPI  EAC= AC + [(BAC-EV) / (CPI x SPI)].