hard · Project Management Professional hybrid

Ironwood Grid is modernizing a regional substation. The current status report shows the following metrics: PV = $1,200,000, EV = $1,260,000, and AC = $1,530,000.

What should the project manager do next?

  1. Perform a root cause analysis to determine why the project is overspending despite being ahead of schedule.
  2. Implement a schedule compression technique to further accelerate delivery and utilize the current momentum.
  3. Notify the project sponsor that the project will finish behind schedule if the current efficiency continues.
  4. Submit a change request to increase the budget baseline to accommodate the current spending trend.

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