10) Project managers must not only calculate variances but also determine the root cause of the variance. Some variances may be allowable while others must be explained together with a corrective plan for recovery In the table below, you must demonstrate your ability to calculate the cost and schedule variances as well as determine the root cause of the variances, if possible. Consider the following table, which shows a partial status report for a project composed of five work packages (i.e., activities) Activity PV EV AC SV CV $800 $1000 $1100 900 1200 1000 800 700 1000 1200 1000 1100 1000 800 1000 a. Calculate the cost and schedule variances, in dollars, for each activity. b. For each activity, which of the following could be the root cause reason for the variances?
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