The project manager establishes a material budget of 100 units (which includes 10 units for scrap factor) at a price of $150 per unit. Therefore, the material budget was set at $15,000. At the end of the short project, material actuals (ACWP) came in at $15,950, which was $950 over budget. What happened?

Answer rating: 100% (QA)

When the ACWP Actual Cost Work Completed exceeds the material budget there are two causes of that i ... View the full answer