2. 3. 5. Testing 6. Training, rollout, and support Using the cost model you created in Task 1, prepare a cost baseline by allocating the costs by WBS for each month of the project. Assume that you have completed three months of the project. The BAC was $200,000 for this six-month project. You can also make the following assumptions: a. b. C. d. e. PV $120,000 EV $100,000 AC $90,000 What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? How is the project doing? Is it ahead of schedule or behind schedule? Is it under bud get or over budget? Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned? a guide. Use the SPI to estimate how long it will take to finish this project. Sketch an earned value chart using the preceding information. See Figure 7-5 as