Use the S-curves for this project to create a table showing budgeted and actual expenses and variance in thousands of dollars and comment on the project's performance. The horizontal axis is in weeks
What will be an ideal response?
The project experiences positive variance from the beginning through week 40 after which point the variance becomes negative. The largest positive variance occurs at the end of the 15th week when the variance is $3,000 and the largest negative variance occurs at the end when the discrepancy is $2,000. The full set of values for the project are computed in the table below. The performance is unknown; budget performance appears to be good, but we are not given information regarding client acceptance.
Time Cumulative Budgeted Cost Cumulative Actual Cost
5 2 3
10 4 6
15 7.5 10.5
20 12.5 14.5
25 18.5 19.5
30 25.5 25.5
35 30.5 31.5
40 33.5 33.5
45 35.5 34.5
50 36.5 34.5
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