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