A project manager receives information in preparation for reporting the project's monthly performance to the...

PMI PMP Question Answer

A project manager receives information in preparation for reporting the project's monthly performance to the project steering committee,

* Actual progress = 2 units

* Planned progress = 3 units

* Actual cost (AC) = 2 units

* Budgeted cost = 3 units

What statement should the project manager make to the project steering committee?

The project is currently behind schedule with a corresponding lower cost, and every effort is being made to expedite the delayed activities.

The project is currently behind schedule with a corresponding cost savings, and no further actions should be taken.

The project is currently behind schedule but at a lower cost, and an application for a time and budget extension will be submitted.

The project is currently behind schedule but is under the planned expenditure, and the project manager is pleased to declare a project cost savings,

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