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 20 hours of work per week for 3 months (12 weeks) at a pay rate of $40/hour. However, during your check-in in week 4, you learn that your staff received the materials late and have only been able to work for 3 of the 4 weeks youve paid for. The good news is they dont think theyll need any extra time.
a) Explain what type(s) 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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