2. Assume that you have completed one month of the health-care app project and have some reliable EVM data for cost accounting. Remember that the budget at completion (BAC) is $350,000 for the four-month project. You have received the following figures from the Third Avenue accountants: PV $105,000 EV $122,000 AC $105,000 Using this information, answer the following questions. • What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? • Use the CPI to determine the estimate at completion (EAC) for the project. • Based on your answers, does the project appear to be on schedule and within budget?
