In a large deep skillet cook the 4 slices bacon until crisp.
Remove bacon and set aside.
Stir in garlic; cook and stir for 30 seconds more.
Stir in pasta, broth, the water, salt, and pepper. Bring to boiling; reduce heat. Simmer, covered, for 12 to 15 minutes or until pasta is tender, stirring once.
Stir in peas, whipping cream, and Parmesan cheese.
Cook and stir about 2 minutes more or until heated through.
Add bacon.
Serve immediately. If desired, top with more crumbled bacon and more cheese.