Discuss the below:
Cost and schedule variance calculations
Q: The data below describes a housing refurbishment project that a small business contractor worked on: Activity Duration Predecessors
Task Budget
A 3 Days --- $4,920
B 6 Days --- $7,680
C 3 Days A $15,140
D 2 Days B $4,980
E 3 Days B $5,630
F 2 Days C, D $2,270
At the end of the 7th day, this is how the project was going:
Activity % Complete Actual Cost
A 100% $4,200
B 100% $8,740
C 100% $18,250
D 55% $2,600
E 10% $560
F 0% $0
(1) How to find the cost and schedule variance as well as the indexes for the tasks (A through F).
(2) Brief synopsis of the project's current status.