Find schedule and cost variances for project of actual cost, Operation Management

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Find schedule and cost variances for project of actual cost

Problem:

Question 1) Find the schedule and cost variances for a project that has an actual cost at month 22 of $540,000, a scheduled cost of $523,000, and an earned value of $535,000. What is your overall interpretation of this result?

Explain the solution in detail.

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Operation Management: Find schedule and cost variances for project of actual cost

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Operation Management: Find schedule and cost variances for project of actual cost

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