The following six activities constitute an overall bar chart portrayal of a four-month project.

Activity	Cost	Month 1	Month 2	Month 3	Month 4
A	$2,000	XXXXXXX
B	$8,000		XXXXXXX	XXXXXXX
C	$2,000		XXXXXXX
D	$5,000			XXXXXXX
E	$1,000			XXXXXXX
F	$15,000				XXXXXXX

Two months after the start of construction, Activities A, C, D, half of E, and one-fourth of B were completed, for an actual cost of $10,500. Evaluate the status of the project. Using earned value concepts, determine the CPI and the SPI. State if the project is over or under budget and if it is ahead or behind schedule. Give each answer in terms of a CPI and SPI to show your proof (required or no credit will be given).

measurement of deviation from the estimated cost of the project. CPI =

Budget: Over or Under (choose)

deviation from the scheduled time for the project.SPI =

Schedule: Ahead or Behind (choose)