Assume you have collected the following data for your project. Its budget is $75,000 and it is expected to last four months. After two months, you have calculated the following information about the project:
PV = $45,000
EV = $38,500
AC = $37,000
Calculate the SPI and CPI. Based on these values, estimate the time and budget necessary to complete the project? How would you evaluate these findings? Are they good news or bad news?)