Q$4$:

You are conducting a small IT project. The duration of this project is $30$ days, and you have allocated $$60,000$ for it$.$ Your manager asked you to check how the project is doing financially at the end of day $25.$

You have spent $$40,000$ and completed $95\%$ of the work. Calculate the following values for the project so far.

a$.$ The cost variance $($CV$).$

b$.$ The cost performance index $($CPI$).$ How is the project doing, is it under budget or over budget?

c$.$ Use the CPI to calculate the estimate at completion $($EAC$)$ for this project. Is the project performing better or worse than planned?