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On Day 70, a shopping mall renovation project exhibits an actual cost of $57,000 and a scheduled cost of $63,000. As requested by top management,
On Day 70, a shopping mall renovation project exhibits an actual cost of $57,000 and a scheduled cost of $63,000. As requested by top management, the project manager reports a value of completed of $61,000. (a) Find the cost variance and schedule variance. (2 marks) (b) Find the cost performance and schedule performance indices. (2 marks) (c) Hence, comment on the current status of the project. (2 marks)
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