Project managers should focus on:

  • Activities that will be performed in the near term. Why?
  • Activities that have a large cost estimate. Why?

    Review this formula and address the questions:

    Cost variance = Cumulative earned value – Cumulative actual cost

    What does it mean when cost variance is positive? What does it mean when cost variance is negative? When evaluating a work package with a negative cost variance, what two types of activities should you focus on? Why?

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