(Answered) Describe in your own words the evm concepts of cost and

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Describe in your own words, the EVM concepts of cost and schedule variance. Apply what you know about these metrics by providing a specific example of each concept from a real or hypothetical project that you have previously handled or heard about. Which would you, as the manager of this project, have a higher tolerance for; a wide cost variance or a wide schedule variance? Explain your reasoning.

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