Question

uestion 7 of 21 You were asked to provide & report on performance of the project The project is co with each phase lasting for 2 weeks ans an a at ena of weer6. At this point youve spent exactly haif your budge: and the work that was planr pheses 1, 2 ano 3 has Deen completed phase lasting for 2 weeks ancs an aoproveo budget of $10000 for the enure project. You are no Projec is on time and on buoget The project is on time out we cano: determine whether tre project is on ooget The project s on bucget but we cannat determire whether tre projecz is or time

Answer 1

The project is on time but we cannot determine whether the project is on budget. (which is Option B)

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Explanation:

It is clear from the information provided in the question that the three phases (out of the six phases) have been completed as planned. Therefore, it can be concluded that the project is on time. However, it is not clear as to what was the budget that was actually planned for the first three phases. We have only been provided with the information that exactly half of the approved amount is spent till the completion of phase three. It is possible that more money has been spent in the first three phases than what was initially planned and that the balance amount may not be sufficient to pay for the remaining three phases.