Your IT company is working on a four-month project for a local mining company. The total planned value of the project (BAC) is $600,000. You are at the end of month three. By the end of month three you scheduled to spend $500,000(PV) The actual cost through this three-month mark is $450,000 (AC). The total work completed at the end of month three is 90 percent. Calculate the earned value, EV= ? Considering the parameters identified earlier, what is the CPI of the project at the end of the third month of work? Round the answer to two decimal places. Ex.: 5.4563 rounded to two decimal places is 5.46 Considering the parameters identified earlier, what is the SPI of the project at the end of the third month of work? Round the answer to two decimal places. Answer: Forecast the cost of the project (EAC-1), assuming that your efficiency (CPI) will stay the same as from the beginning of the project. Round the answer to two decimal places. Answer: analysis: Because CPI is , the project is considered to be Because SPI is , the project is considered schedule. If the project continues at this pace, then the total cost of the project (EACl) will be , than the original budget and we will finish the project than expected