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.
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.