Company: Delta Construction Company

Scenario: Project Cost Analysis

Project	Budgeted Cost ($)	Actual Cost ($)	Revenue Earned ($)
Project A	600,000	650,000	700,000
Project B	800,000	780,000	850,000

Requirements:

1. Cost Variance Analysis:
   • Calculate the cost variance (both total and for each project) for Delta Construction Company.

1. Profitability Analysis:
   • Determine the profitability (profit margin) for each project at Delta Construction Company.

1. Project Performance Evaluation:
   • Evaluate the performance of Project A and Project B based on their cost variances and profitability.

1. Risk Assessment:
   • Discuss the risk factors associated with Project A and Project B and their impact on project cost management.

1. Project Management Strategies:
   • Recommend two project management strategies Delta Construction Company could adopt to improve cost control and profitability.