Vice president’s comments on cost and schedule variance
The concerns of Spokane’s vice president were valid because the cost and schedule variances had gone up between the second and the third month. The total cost variances for all the work packages in the second month were $14,000, a figure that went up $25,000 in the third month, reflecting a -78% surge in the total cost variances. Also, the scheduled variances indicated by the vice president were correct, as it showed that the period between the second and the third month experienced a 45% slippage on schedules. However, the information on the table is not ...
