To get detailed values of project schedule and cost performance, you should look at which two metrics?

The focus on schedule variances and cost variances is essential for evaluating a project's performance. Schedule variance quantifies the difference between the planned progress and the actual progress of a project, helping project managers understand if they are on track concerning the timeline. Cost variance, on the other hand, indicates the difference between the budgeted and actual costs, providing insight into the financial health of the project.

By analyzing these two metrics, project managers can effectively assess both schedule performance — determining if tasks are being completed as expected — and cost performance — identifying whether the project is being delivered within its budget. This dual insight allows for effective decision-making and timely adjustments to project plans, ensuring that the team can address any discrepancies before they escalate into larger issues.

The other options, while they have their own importance in project management, do not directly measure the project's schedule and cost performance in a quantifiable manner. Baseline plans and resource availability pertain to planning but not specifically to performance measurement. Risk management and quality assurance focus on identifying potential issues and maintaining standards rather than tracking ongoing performance. Finally, stakeholder engagement and communication plans are vital for understanding who is involved in the project and ensuring information flow, but they do not provide the metrics needed for evaluating cost and schedule performance directly