A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the fi rst two activities have been totally completed and the third activity is 60% complete. The planners were only expecting to be 50% through the third activity at this time.

The fi rst activity involves prepping the site for the bridge. It was expected that this would cost $1,420,000 and it was done for only $1,300,000. The second activity was the pouring of concrete for the bridge. This was expected to cost $10,500,000 but was actually done for

$9,000,000. The third and fi nal activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,500,000. To date they have spent $5,000,000 on the superstructure.

Calculate the schedule variance, schedule performance index, and the cost index for the project to date. How is the project going?