Reference no: EM133178851

Question - A project to build a new bridge seems to be going very well since it is well ahead of schedule and costs very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 60% complete. The planners were expecting to be 50% through the third activity at this time. The first activity involves prepping the site for the bridge. It was expected that this would cost $1,420,000 and it was done for only $1,300,000. The second activity was the bridge's concrete pouring and was expected to cost $10,500,000 but it was done for $9,000,000. The third activity is the annual construction of the bridge superstructure and was expected to cost $8,500,000. To date they have spent $5,000,000.

Required - Calculate the schedule variance, schedule performance index, and the cost index for the project to date. How is the project going?