During a company team building event, you had the opportunity to talk to a colle

Question

During a company team building event, you had the opportunity to talk to a colleague project manager. She told you that in her current project, actual costs were 12% under the cumulated costs budgeted for today. What do you think of the situation? The information given to you by the colleague is not sufficient to assess the project performance The original cost forecasting and budgeting must have been poor to allow for such a variation None of these statements are valid An increase in costs during the rest of the project is likely to bring the costs back to the baseline level The project will probably be completed with the total costs remaining under budget until the end

Explanation / Answer

since , for the current project ,actual cost were 12 % under the cumulated cost budgeted for that day.

this is a very less amount compared to total budget for that day.

so the coorect answer will be option 4 & 5.

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