Project details:

• Approved budgeted cost of the warehouse walls are $150 per linear meter.
• Warehouse has four equal sides of 200 meters each.
• according to the approved schedule, wall completion is planned to be 100 linear meters per day.
• Culvert installation is budgeted to cost $7500
• Planned completion of the project is 8.5 days

At the end of Day 3:

• Culvert was installed prior to the first wall.
• The first wall is fully installed.
• The second wall has 50 meters of wall erected.
• $40,000 has been spent in total.
• EV = 7500 + (250)(150) = $45,000
• AC = $40,000
• PV = 100(2.5)(150) + 7500 = $45,000

As the Project Manager (PM), calculate:

1. What is CPI (Cost Performance Index)?
2. What is SPI (Schedule Performance Index)?
3. What is BAC (Budget at Completion)?
4. What is EAC (Estimate at Completion)?
5. What are the variances (SV, CV, VAC)?