CAPMHard
CAPM Practice: Explain when it is appropriate to use a predictive, plan-based approach
A large infrastructure project is using a predictive approach. The project manager calculates Schedule Variance (SV) = -$500,000 and Cost Variance (CV) = -$200,000 at the 40% completion milestone. What is the MOST important insight these metrics provide?
Key Concept
This question covers Explain when it is appropriate to use a predictive, plan-based approach under Explain when it is appropriate to use a predictive, plan-based approach (Predictive, Plan-Based Methodologies).
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