Question: Consider a project that is only budgeting for labor. Your project was planned to take 2 0 hours of work per week for 3 months
Consider a project that is only budgeting for labor. Your project was planned to take hours of work per week for months weeks at a pay rate of $hour However, during your checkin in week you learn that your staff received the materials late and have only been able to work for of the weeks youve paid for. The good news is they dont think theyll need any extra time.
a Explain what types of cost variance have occurred.
b What cost management method could the project manager have used to be sure this extra cost could be handled?
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