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There is a project with three activites planned for a year (Units are in Rial) • ‘Activity...

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Civil Engineering

There is a project with three activites planned for ayear (Units are in Rial)

• ‘Activity A’ with a planned cost of 2100,
• ‘Activity B’ with a planned cost of 1500 and
• ‘Activity C’ with a planned cost of 2500.
• Activity A turned out to be more expensive (with an additional300).
• ‘Activity B’ was done as budgeted.
• ‘Activity C’ is not finished within the year, and only 1500 wasspent on it.
• An additional activity ‘Activity D’ was needed and performed witha cost of 500.
What is the cost variance for the given year?Also write a detailedconclusion on the
cost performance

Answer & Explanation Solved by verified expert
4.4 Ratings (640 Votes)
Cost variance is the difference of budgeted cost of worksperformed BCWP and actual    See Answer
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