You are managing a project with a goal to develop 105 job descriptions in 7 days. If your team has spent $5,500 on 45 job descriptions, what is the cost variance using the 0/100 rule?

To determine the cost variance using the 0/100 rule, first, we need to understand what the 0/100 rule is. Under this rule, if a task is completed, the entire budgeted cost for that task is considered earned value. Conversely, if the task is not completed, no value is earned.

In this scenario, the project is to develop 105 job descriptions in 7 days. If your team has spent $5,500 working on 45 job descriptions, we first need to establish the budgeted cost for the entire project based on the actual spending on completed work.

Let's say the total budget for the project is proportional to the total number of job descriptions being developed. If 45 job descriptions have been completed, it’s essential to define how much of the total budget these completed job descriptions represent. Assuming the project is linearly budgeted and that the remaining job descriptions will consume the same cost per job description, we can calculate.

Given 45 job descriptions completed:

• Earned Value (EV) for completed job descriptions = $5,500 (as per the 0/100 rule, we've spent this on completed work).
• For the entire project, if we calculate the average cost per job description,