A development projects earned value is US$640,000, and the planned value is US$800,000. What should the project manager do to control this variance?


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