Question: 1. You are a project manager overseeing a complex construction project. As part of project monitoring and communication, you need to select an appropriate tool

1. You are a project manager overseeing a complex construction project. As part of project monitoring and communication, you need to select an appropriate tool to effectively communicate the project schedule status to various stakeholders. Which tool would be the most suitable choice in this situation? a. Fishbone diagram b. Gantt chart c. Control chart d. Pareto chart 2. A project manager receives the following information on his project: PV = 4,500, AC =4,000, EV = 5,000. How well is the project doing in terms of budget? a. $500 over budget. b. $500 under budget. c. $1000 over budget. d. $1000 under budget. 3. In reviewing the budget report of a project, you notice that spending on the project is running about 10 percent over plan. Is the project in trouble? a. We don't know for sure. b. Yes, the project is in trouble, and it indicates over budget but on schedule. c. Yes, the project is in trouble, and it indicates over budget and behind schedule. d. No, the project is not in trouble as a 10 percent deviation from the budget is within an acceptable range of variance

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