A project manager wants to determine the percentage of a project's budgeted costs versus expenditures. Which of the following calculations should the project manager perform?

The correct answer is A. Burn rate. Expenditure tracking includes measuring the project spending to date, determining the burn rate (or how fast you’re going through the money), and tracking expenditures to the cost baseline so that stakeholders can see what was planned versus what was actually spent on the…

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Options

ABurn rate
BCritical path analysis
CEV
DEAC

How the community answered

(37 responses)

A
89% (33)
B
5% (2)
C
3% (1)
D
3% (1)

Explanation

Expenditure tracking includes measuring the project spending to date, determining the burn rate (or how fast you’re going through the money), and tracking expenditures to the cost baseline so that stakeholders can see what was planned versus what was actually spent on the project.

Topics

#burn rate#cost management#budget tracking#earned value

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