Project Management Professional (PMP) — Question 832

A project manager receives information in preparation for reporting the project's monthly performance to the project steering committee:

• Actual progress = 2 units
• Planned progress = 3 units
• Actual cost (AC) = 2 units
• Budgeted cost = 3 units

What statement should the project manager make to the project steering committee?

Answer options

• A. The project is currently behind schedule but at a lower cost, and an application for a time and budget extension will be submitted
• B. The project is currently behind schedule with a corresponding cost savings, and no further actions should be taken
• C. The project is currently behind schedule with a corresponding lower cost, and every effort is being made to expedite the delayed activities
• D. The project is currently behind schedule but is under the planned expenditure, and the project manager is pleased to declare a project cost savings

Correct answer: C

Explanation

The correct answer is C because it accurately reflects the project's status of being behind schedule while also indicating that there are efforts to expedite delayed work. Option A incorrectly suggests submitting for an extension, while Option B implies no actions are necessary, and Option D emphasizes cost savings without addressing the need for urgency in overcoming the delay.