Assume that operations on a work package were expected to cost $2,500 to complete the package. They were originally scheduled to have been finished today.

At this point, however, we have expended $1,500, and we estimate that we have completed two-thirds of the work.

1. What is the Earned Value and Planned Value?

2. What are the cost and schedule variances?

3. What is the estimated cost to complete (ETC)

4. What is the estimated cost at complete (EAC), assuming the same cost efficiency level?