Project managers should focus on: Activities that will be performed in the near term. Why? Activities that have a large cost estimate. Why? Review this formula and address the questions: Cost variance...

Project managers should focus on:


Activities that will be performed in the near term. Why?


Activities that have a large cost estimate. Why?


Review this formula and address the questions:


Cost variance = Cumulative earned value – Cumulative actual cost


What does it mean when cost variance is positive? What does it mean when cost variance is negative? When evaluating a work package with a negative cost variance, what two types of activities should you focus on? Why?