Your team had been given the task of developing project CLOCK that is estimated to be complete in one year. The sponsor and major stakeholders are very interested in this project and it's outcomes. specialist and consultants have been involved with the development of the business case for this project for about 6 months prior to the signing of the project. your project team had been very supportive and optimistic and together have estimated the budget using a bottom up approach. the baseline was developed using the three main control accounts, monthly work estimates are as follows- 

control account A $4500

control account B 6000
control account c 8,500
Review- 7 months into the project, a phase gate review is carried out by the new owner of the company who is happy about the money being invested in CLOCK. he is openly critical of the project ad was reportedly overheard by someone that the will discontinue funding CLOCK the moment the opportunity comes around. At this time work is 60% complete. the project team is anxious about being fired from their jobs as the cost management plan only allows a 5% variance allowance and finance reports that expenses are about $142, 000 at this time. This include the cost of equipment that was burnt out at the early stages and had to be replaced with more reliable pieces that were pricier than once in the original estimate... the team is confidence this error would not be repeated..

what is the schedule variance of your project
what is the cost variance of your project
what is the earned value of your project
what is the estimate to complete ETC of thr the project
what is the CPI at this review

Answer rating: 100% (QA)

i The schedule variance at this review would be 60 The schedule variance is calculated by subtractin... View the full answer