Read the scenario below and answer the question that follows. PROJECT TASKYou work for a company…

➤ How do I calculate schedule and cost variances using earned value metrics?
Use earned value metrics: measure Planned Value (PV), Earned Value (EV), and Actual Cost (AC). Calculate Schedule Variance (SV = EV − PV) and Cost Variance (CV = EV − AC). Compute performance indexes SPI = EV/PV and CPI = EV/AC. These indicators show schedule and cost performance and help forecast completion estimates and required corrective actions.