Question: You are developing a performance progress report for a project you are managing. The following time-phased budget was developed earlier in the planning stage and

You are developing a performance progress report for a project you are managing. The following time-phased budget was developed earlier in the planning stage and is being used as the standard against which the project performance is measured.

Work Packages W1 W2 W3 W4 W5 W6
A 5 3 2
B 8
C 9 2
Total 5 3 2 8 9 2

You are analyzing the project performance at the end of Week 2. Activity "A" is 50% complete and its actual cost is 5. What is the cost variance of this activity?

Use two decimal places in your calculations.

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