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Project X has a cost performance index of 1.1 and schedule performance index is 0.8. The planned value is $500,000 and the schedule variance is

Project X has a cost performance index of 1.1 and schedule performance index is 0.8. The planned value is $500,000 and the schedule variance is -$1,000. What is Project X's numerical value of the cost variance? Is this favorable or unfavorable? What does this value mean

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