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You are the project manager for your project. Your project is scheduled to last for one year and you are currently forty percent complete with the project. Based on your current performance measurements you have an SPI of .95 and a cost variance of -$24,000. You need to report this information to the management, but you will also need a solution to present with the variance information. Which one of the following can you present to the management as a part of the control schedule tools and techniques for variances?
Correct Answer: B
Explanation/Reference: Explanation: The only tool and technique for controlling the schedule is a corrective action. You should always report problems to management, the project customers, or key stakeholders as defined in the Communications Management Plan, but you should also always present a solution to the problem. A corrective action is a change implemented to address a weakness identified in a management system. Normally corrective actions are implemented in response to a customer complaint, abnormal levels of internal nonconformity, nonconformities identified during an internal audit or adverse or unstable trends in product and process monitoring such as would be identified by SP It is method of identifying and eliminating the causes of a problem, thus preventing their reappearance. Examples of a corrective action are: Improvements to maintenance schedules Improvements to material handling or storage Incorrect Answers: A: Work performance measurements are not a tool and technique for controlling the project schedule. C: Trimming the project scope, which is a change request, is not a tool and technique for control the scheduling. It is, however, an output of the control schedule process and is sometimes a valid decision if the project is slipping on schedule performance. D: The causes of the variance can help you determine the best action to take, but it is not a tool and technique for schedule control.