QUESTIONS 12 THROUGH 15 REFER TO THE DIAGRAM IN FIGURE 2 AND THE TABLE...

33. A project is nearly 33% complete according to the earned value report-

TE AM FL Y

ing method. An identified risk has occurred, and the project manager

has chosen to draw funds from the contingency fund and add the activi-

ties necessary to deal with the problems associated with the risk. What

should he do next?

a. The schedule should not be changed. Original plans should have

allowed for this delay.

b. The budget money set aside for the risk should be released, but there

is not a need for a schedule change.

c. The schedule and budget baselines should be changed, to show the

new work.

d. The budget baseline should be changed, but the work should be

done within the schedule as it is.