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3. You are the project manager of the design project: you're doing an Earned Value Management analysis and have determine that the earned value is

3. You are the project manager of the design project: you're doing an Earned Value Management analysis and have determine that the earned value is $20,000 and the actual cost is $18,000. The planned value is $19,000. What is the cost variance, and what does this number tell us? How would you determine the relative magnitude of the variance and how bad/good it really is

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