asked 145k views
0 votes
You are working with a multicountry project team developing a new drilling device for the oil and gas industries. Some events have had unanticipated impacts on the project. One is that the cost of testing was significantly less than expected based on the three-point estimate. There were also several conflicts and issues with the team that had to be resolved. The leadership in your publicly held company has to do a presentation to the shareholders and wants information to present. After analyzing the status of your project, you determine the earned value (EV) is lower than the planned value (PV). What should you tell the leadership to expect as an outcome if this trend continues

asked
User Breezer
by
8.7k points

1 Answer

4 votes
If the trend of the earned value (EV) being lower than the planned value (PV) continues, the leadership should expect a potential outcome of the project being over budget. This means that the project may require more financial resources than initially planned.
answered
User Danny Delott
by
7.9k points

Related questions

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.