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Question 23: Bullet Points

A software development project has the following financial details:

• Total Budget: $1,500,000
• Actual Costs to Date: $800,000
• Planned Value (PV) to Date: $850,000
• Earned Value (EV) to Date: $750,000

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.