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Your project team consists of 12 people in the same building you're located in, 4 people from the West Coast office, 2 people from the Kansas City office, and 6 people from the London office. Your office works different hours than all the other offices. Additionally, not all of the resources in your building are available at the same times during the day. Three of the 12 team members work swing shift hours. You use tools like web conferencing and email to distribute information to the team. Which of the following is true?
Virtual teams are teams that don't necessarily work in the same location or have the same hours but all share the goals of the project and have a role on the project. The web conferencing and email references describe the information distribution methods tool and technique of the Information Distribution process.
A work package has been scheduled to cost $1,000 to complete, and was to be finished today. As of today, the actual expenditure is $1,200 and approximately half of the work has been completed.
What is the cost variance?
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