You have been assigned as a project manager for the following waterfall project: Project: Software application for risk management Budget: $100,000, evenly distributed Schedule: 10 months, 100 work package evenly distributed As of today, this is your current state Schedule - 5 months into the project, and the project is 50% complete Budget - you have spent $40,000 Here are some useful EV data. Earned Value (EV) budget - 50% * 100000 = $50000 Earned Value Schedule - 50% * 100 work packages = 50 Planned Value budget (PV) - $50000 Planned Value schedule - 50 work packages Are you on budget? What is your cost performance index? Are you on schedule? What is your schedule performance Index