A) An employee was tasked with developing six new procedures for a sales group The project must be completed within 4 weeks duration. 200-man hours is the estimated labor resource commitment What is the project performance in terms:

a. 1. Cost variance;

II. Schedule variance

II. Cost variance index and

IV Schedule variance index

at week 2. Given that five procedures have been written and 100 -man hours consumed. Assume t2hour rate [Hint Determine the 3main values to help in the calculation ie Planned Value (PV), Earned Value (EV) and Actual Cost(AC)[11 Marks

B) Outline the fundamental differences between fixed-price and cost -plus contracts on a project giving examples in each case. [5 Marks]

C) For what kinds of projects would you recommend that fixed price contracts be used and a coat plus contract be used? Give justification for your answer in each case [4 Marks]