1. Are the VP's comments on cost and schedule variances correct? Yes ! As we saw in the case study, Spokane industries are very picky about earned value reporting, as we saw in the reports that the Franklin electronics provided appear to be very basic according to them. The cost variance values ​​in the 2nd month are like 6K, 2K, 3K, 3K, here the total comes to 14k ($14,000) and the same cost variance values ​​in the next month are shown as 7K, 3K, 5K, 10K ($25,000). ) respectively, so here we can see that the values ​​that were provided in the 2nd month are less than 3/4 of the 3rd month. Regarding the schedule deviation, the values ​​given in the 2nd month would be 8K, 1K, 2K, 20K ($31,000), the calculations for the 3rd month are in the order 12K, 3K, 4K, 26K ($45 000 $), so seeing this we can easily say that the schedule difference is overrated by almost 50% of its value from the previous month. So everything the sponsor said in the case study is true. I hope their main goal regarding the need for these earned value reports is to reduce trading....