A project sponsor asked the PM to provide a summary of the current financial status. The PM uses the following burn up chart for the analysis: Based on the chart, which of the following is the…

The correct answer is A. Behind schedule and over budget. With a Burnup chart, if the target line ("planned") is above the "actual" or "realized" line, then it is not meeting the goal (this is the case for the scope here. The "Actual cost" is above the "Planned cost" which means they are spending more than they planned (over budget).

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Question

A project sponsor asked the PM to provide a summary of the current financial status. The PM uses the following burn up chart for the analysis:

Based on the chart, which of the following is the current status of the project?

Exhibit

Options

ABehind schedule and over budget
BBehind schedule and under budget
CAhead of schedule and over budget
DAhead of schedule and under budget

How the community answered

(24 responses)

A
79% (19)
B
4% (1)
C
13% (3)
D
4% (1)

Explanation

With a Burnup chart, if the target line ("planned") is above the "actual" or "realized" line, then it is not meeting the goal (this is the case for the scope here. The "Actual cost" is above the "Planned cost" which means they are spending more than they planned (over budget).

Topics

#Burn Up Chart#Project Status Reporting#Schedule Management#Cost Management

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