After a project status meeting, the project manager realizes that the project is under budget, quality checks are positive, and the schedule variance is negative. How should the project manager qualify the project status?
If you want to succeed in project management and earn your PMP certification, you need to understand concepts like Schedule Variance. This means the difference between the actual progress of the project and the planned progress. Without a clear understanding of these concepts, you can't make accurate assessments of your projects.
C. Behind schedule
Schedule variance refers to the difference between the work that has been completed and the work that was planned at a given point in time. A negative schedule variance indicates that less work has been completed than was planned, meaning the project is behind schedule.
Even though the project is under budget and quality checks are positive, a negative schedule variance shows that the project is not progressing as planned in terms of time.
C. Behind schedule
The project manager mentions that the schedule variance is negative, which indicates that the project is behind schedule. Even though the project is under budget and quality checks are positive, a negative schedule variance specifically points to delays in the timeline.
In project management, a negative schedule variance means that the project is ahead of schedule. So, the project manager should qualify the project status as:
A. Ahead of schedule
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