In this weeks lecture we learned about Schedule variance, cost variance, Earned value and planned value and actual cost. As professor suggested that to identify project health important parameters are cost variance, schedule variance and earned value. An ideal project would be where SV and CV are both positive but it would be sometimes hard to achieve.
which of the proj would you prefer and why?
1) SV is positive and Cost variance is negative.
2) SV is neagative and cost variance is positive.