Company ABC was contracted to renovate a house. The owner of the house is a project manager and he wanted to use Earned Value to track the renovation progress. The original budget is $20,000. The work was scheduled to start in December and complete in March. It is January now and the plan was to complete $5,000 worth of the work. However, only $4,000 worth of the work was completed. But, the good news is that the work you have done so far only cost you $2,000.

What are the answers for;

A.) PV, EV, and AC

B.) Calculated CPI

C.) Calculate SPI

D.) explain how schedule and cost are doing based on those idexes