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If partway through the project we discover that more money has actually been spent to that point than was planned:     we do not know if the situation is good or bad until we examine earned value     we know the project is in trouble because there is a cost overrun     we know we are ahead of schedule on the project     we know the project is in trouble because there is a budget shortfall     we should attempt to convince management to cancel the project immediately

If partway through the project we discover that more money has actually been spent to that point than was planned:     we do not know if the situation is good or bad until we examine earned value     we know the project is in trouble because there is a cost overrun     we know we are ahead of schedule on the project     we know the project is in trouble because there is a budget shortfall     we should attempt to convince management to cancel the project immediately

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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If partway through the project we discover that more money has actually been spent to that point than was planned:
   
we do not know if the situation is good or bad until we examine earned value
   
we know the project is in trouble because there is a cost overrun
   
we know we are ahead of schedule on the project
   
we know the project is in trouble because there is a budget shortfall
   
we should attempt to convince management to cancel the project immediately

 

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