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Evaluating a work package with a negative cost

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Reference no: EM131471653

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?

Reference no: EM131471653

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