WBS Element Planned Value (PV) Earned Value (EV) Actual Cost (AC) 2.01 Airframe 48000 48000 50000 2.02 Engines 22000 21000 23000 2.03 Avionics 80000 60000 45000 2.04 Communications 30000 30000 30000 2.05 Tech. Manuals 42000 42000 48000 2.06 Spares 40000 35000 42000 2.07 Training 80000 80000 86000 Project Total 342000 316000 324000         Figure 14.1  Drug Surveillance Aircraft Project - Monthly Performance Report  (October 31, 20XX) Consider the project performance report presented in figure 14.1.  As a project manager, these results should lead you to... Select one: a. notify the project owner that you will not require all of the funding currently budgeted for this project. b. take actions to understand and remedy the schedule performance on the active training work packages. c. take actions to understand and resolve budgetary overruns on the active communications work packages. d. take actions to understand and remedy the schedule performance on the active avionics work packages.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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WBS Element
Planned Value
(PV)
Earned Value
(EV)
Actual Cost
(AC)
2.01 Airframe
48000
48000
50000
2.02 Engines
22000
21000
23000
2.03 Avionics
80000
60000
45000
2.04 Communications
30000
30000
30000
2.05 Tech. Manuals
42000
42000
48000
2.06 Spares
40000
35000
42000
2.07 Training
80000
80000
86000
Project Total
342000
316000
324000
       

Figure 14.1  Drug Surveillance Aircraft Project - Monthly Performance Report 
(October 31, 20XX)


Consider the project performance report presented in figure 14.1.  As a project manager, these results should lead you to...
Select one:
a. notify the project owner that you will not require all of the funding currently budgeted for this project.
b. take actions to understand and remedy the schedule performance on the active training work packages.
c. take actions to understand and resolve budgetary overruns on the active communications work packages.
d. take actions to understand and remedy the schedule performance on the active avionics work packages.
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