Consider the following project data:

• Total Budget: $2,200,000
• Actual Costs to Date: $1,100,000
• Planned Value (PV) to Date: $1,150,000
• Earned Value (EV) to Date: $1,050,000

Questions:

1. Calculate the Cost Performance Index (CPI).
2. Calculate the Schedule Performance Index (SPI).
3. Discuss the implications of the CPI and SPI values for the project.