Homework Answers
EV = $12,000 x 0.70 = $8,400
PV = $12,000
Cost variance = EV - AC = $8,400 - $10,000 = -$1,600
Schedule variance = EV - PV = $8,400 - $12,000 = -$3,600
The project is far behind schedule and over-budget for the amount of progress to date. The client will not be happy.
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