You are the Project Manager at an industrial complex. You are expecting to spend a total of $68,000 on your existing project. When you checked the plan, you find out that it says "Five people working on the project eight hours a day, five days a week for six weeks". When you checked the schedule, you find out that your team has just finished the third week of the project. Upon careful review, you see that the team has completed 50% of the work, at a cost of $37,000. 

 Questions:

 

  Check all of the following that apply: • The project is ahead of schedule • The project is behind schedule • You should consider crashing the schedule • The project is over budget • The project is under budget • You should find a way to cut costs
explain why you check

Calculate the Earned Value. (show the formula) PV = EV = CV = BAC = AC = SV = SPI = CPI =