The goal of schedule variance is to determine whether a team is behind or ahead of schedule, while cost variance ensures whether or not the team is under budget or over budget. These variances provide essential data about the project’s progress and feasibility.Some factors affecting the schedule variance are: poor baseline schedule, subcontractor or vendor cannot deliver when needed, more or less effort than planned, insufficient resources, labor disputes or work stoppage, unavaibility of resource and requirement changes. A solution should thus be proposed of the two variance fall out of the project’s budget and time reach.