Use the Information in the Table Regarding This Seven-Month Project

question 25

Essay

Use the information in the table regarding this seven-month project to calculate the SPI in terms of dollars and compare it with the SPI calculated in terms of time.Perform both calculations for months 1 through 6.Then use the SPI(t)to provide the Estimate at Completion for Time (EACt). $\begin{array}{|l|l|l|l|l|l|l|l} & \text { Month } 1 & \text { Month } 2 & \text { Month } 3 & \text { Month 4 } & \text { Month } 5 & \text { Month } 6 & \text { Month } 7 \\\hline \text { PV (\$) } & \$ 125 & \$ 275 & \$ 500 & \$ 875 & \$ 1,485 & \$ 2,325 & \$ 2,670 \\\hline \text { EV (\$) } & \$ 150 & \$ 320 & \$ 510 & \$ 850 & \$ 1425 & \$ 2280 & \$ 0 \\\hline\end{array}$

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Definitions:

Author Royalties

Author royalties are payments made by publishers to authors for the right to use, produce, or sell the authors' creations, usually a percentage of sales.

Fixed Cost

Expenses that do not change in relation to the level of goods or services produced over a certain period.

Variable Cost

Costs that change in proportion to the good or service that a business produces, such as materials and labor directly involved in production.

Total Cost

The combined amount of all costs incurred during the production of goods or services, incorporating fixed and variable expenditures.