Assignment:
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?
Write your answer in 400 words.