1. You are the project manager of an IT project at your company. Use EVM to monitor and control the project cost. Given the following information, find out if the project is on budget and on schedule. Planned Value (PV) = $42,461, Actual Value (AC) - $40,923, Rate of Performance (RP) = 110 % Budget at Completion (BAC) = $100,000. The project planned time completion is 12 months Earned Value (EV) = Type Formula Result Explain the Result (Project status) Cost variance Schedule Variance Cost Performance Index Schedule Performance Index 2. What is the estimate at completion (EAC)? 3. What is the estimated time to complete the project