A project manager has taken over an existing project. According to the previous project manager, the project is on track and within budget. However, stakeholders are unhappy with the recent progress report since the metrics show that the project is delayed and the cost is higher than expected.
What should the project manager do?
The correct answer is: B
The project manager should conduct an earned value analysis (EVA) to assess the project's performance in terms of schedule and cost. EVA provides a comprehensive view by comparing planned progress with actual performance, allowing the project manager to identify discrepancies and understand the root causes of delays and cost overruns. This analysis will help clarify the situation for stakeholders and inform necessary adjustments or corrective actions to get the project back on track.
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