Scenario B. The budgeted cost to complete a particular project is $250,000. To date, the budgeted cost of work scheduled

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Scenario B. The budgeted cost to complete
a particular project is $250,000. To date, the budgeted cost of
work scheduled (planned Value) is $45,000, and the following work
packages of the project have been completed or are in process:
Work Pkg.
Work Pkg. Budget
Reported % Complete
Actual Costs to Date
Planned Value
Earned Value
A
$15,000
100
$19,000
?
$15,000
B
11,000
100
14,000
?
11,000
C
14,000
50
7,000
?
7,000
D
20,000
10
2,000
?
2,000
Total
$60,000
$42,000
$45,000
$35,000
Now that tasks A and B are 100% complete, and assuming that the
work package achieved the technical/performance targets for these
two work packages, how is the project doing?
3. What is the schedule variance? What does this result
mean?
4. What is the cost variance? What does this result mean?