The program manager plans to address a negative cost variance generating a red flag in the program management status report. What should the program manager do?

Question

Options

• AContact the project sponsors to present the details, impacts, and possible corrective actions
• BGather all the details, analyze impacts, determine corrective actions and present the findings to the
• CWork with program sponsor to compile impact analysis data to obtain additional funding for the
• DAsk the program team to compile all details, analyze impacts, determine corrective actions and

• A
  23% (9)
• B
  63% (25)
• C
  10% (4)
• D
  5% (2)

Explanation

When a negative cost variance triggers a red flag, the program manager must follow a structured response process before escalating to any stakeholders or sponsors. Option B reflects the correct sequence: (1) gather all details, (2) analyze the impacts, (3) determine corrective actions, and then (4) present findings. Option A skips the analysis and corrective action phases, arriving at sponsors unprepared. Option C jumps directly to seeking additional funding without first doing the analysis - funding may not even be the right corrective action. Option D delegates the entire process to the team, which is an abdication of the program manager's accountability. The program manager owns the analysis and the recommendation before any presentation occurs.

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