Question
Refer back to the sample project examined in module two and imagine that everything is executed perfectly. Imagine that you have just now come to
Refer back to the sample project examined in module two and imagine that everything is executed perfectly. Imagine that you have just now come to the end of time period 16. Activity 4-5 is now complete as scheduled, and Activity 3-6 has also just been completed, two periods ahead of schedule. Imagine that Resource A cost $6,000 for each period it was active on Activity 3-6: 5 periods, not the 7 periods at $5,000 per period expected. You are now ahead. In answering the questions below, remember that Resource A has a planned cost of $5,000 per period of use, and Resource B has a planned cost of $3,000 per period of use.
What is the cost Variance?
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