Question: Q.1 - Please Explain: at least 2 cost analysis methods and tools you will use to identify cost variations and evaluate alternative actions. Eg. SPI,

Q.1 - Please Explain: at least 2 cost analysis methods and tools you will use to identify cost variations and evaluate alternative actions. Eg. SPI, CPI, etc. what will be the process for approval to implement alternative action to address the variance? Eg. Seek additional budget Specify who has authority to approve changes to the budget

Q.2 - For Work Breakdown for Costings, List who should be involved in contributing to developing the WBS and why you should include them.

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Answer For Q1 there are several cost analysis methods and tools that can be used to identify cost variations and evaluate alternative actions Two commonly used methods are 1 Cost Variance Analysis Thi... View full answer

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