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Management Studies

Given the following information for the latest period (5), answer the questions below:

· Actual costs to date are $550.
· The original budget through period 5 was $350.
· The revised costs for the project at completion (EAC) are $9,000.
· The sum of the earned values to date is $400.
· The total original budget (BAC) for the project was $7,000.
· The reserve/contingency fund has not been used.

a. What is the schedule variance at the end of period 5?

b. What is the cost variance at the end of period 5?

c. Given the current information, will the project finish on schedule and on budget? Justify your answer.

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Management Information System, Management Studies

Category:- Management Information System
Reference No.:- M91930345

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