PMP Certification Monitoring and Controlling Test 4

Question : 25 of 71

Marks: +1, -0

A development project's earned value is US

\$

640,000, and the planned value is US

\$

800,000. What should the project manager do to control this variance?

Calculate the earned value and change the project baseline to reflect the latest project status.
Reallocate US $\$$ 160,000 to project tasks that are behind schedule.
Use project performance measurement and decide on corrective actions.
Release US $\$$ 160,000 to the supplier to fast-track the project so that it is completed on time and within budget.

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