If partway through the project we discover that more money has actually been spent to that point than was planned: we do not know if the situation is good or bad until we examine earned value we know the project is in trouble because there is a cost overrun we know we are ahead of schedule on the project we know the project is in trouble because there is a budget shortfall we should attempt to convince management to cancel the project immediately

In this scenario, CV and EV come in handy. The project budget and cost variation are directly…

Answered: If partway through the project we…

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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If partway through the project we discover that more money has actually been spent to that point than was planned:

		we do not know if the situation is good or bad until we examine earned value
		we know the project is in trouble because there is a cost overrun
		we know we are ahead of schedule on the project
		we know the project is in trouble because there is a budget shortfall
		we should attempt to convince management to cancel the project immediately