A sponsor requests that the project team shorten the completion of a project by two months to give the sales team more leverage in renegotiating the contract with the client. The budgeted time is 500 hours, and the projected earned value is $30,000. Which of the following represents the cost variance for both project completions?
A) -$4.8K and -$7K
B) -$4.9K and $7K
C) $4.8K and -$7K
D) $4.8K and $7K

Question

A sponsor requests that the project team shorten the completion of a project by two months to give the sales team more leverage in renegotiating the contract with the client. The budgeted time is 500 hours, and the projected earned value is $30,000.  Which of the following represents the cost variance for both project completions?
A) -$4.8K and -$7K 
B) -$4.9K and $7K 
C) $4.8K and -$7K 
D) $4.8K and $7K

Quizplus · Accepted Answer

The Answer of A sponsor requests that the project team shorten the completion of a project by two months to give the sales team more leverage in renegotiating the contract with the client. The budgeted time is 500 hours, and the projected earned value is $30,000.  Which of the following represents the cost variance for both project completions?
A) -$4.8K and -$7K 
B) -$4.9K and $7K 
C) $4.8K and -$7K 
D) $4.8K and $7K

A Sponsor Requests That the Project Team Shorten the Completion