The following data were obtained from an Information Systems project to upgrade and expand a Local Area Network:

Activity Duration Predecessors Task Budget A 3 Days --- $4,920 B 6 Days --- $7,680 C 3 Days A $15,140 D 2 Days B $3,980 E 3 Days B $5,630 F 2 Days C, D $2,270 At the end of Day 7, the status of the project is as follows: Activity % Complete Actual Cost A 100% $4,200 B 100% $8,740 C 100% $18,250 D 75% $2,600 E 10% $560 F 0% $0 (a) Calculate the Cost and Schedule Variances and Indexes for tasks A, B, C, D, and E.

(b) As project manager, write a brief summary of the status of the project at this time.