Consider the project performance report presented in figure $14\mathrm{.}1.$ As a project manager, these results should lead you to$...$

WBS Element

Planned Value

$($PV$)$

Earned Value

$($EV$)$

Actual Cost

$($AC$)$

$2\mathrm{.}01$ Airframe

$48000$

$48000$

$50000$

$2\mathrm{.}02$ Engines

$22000$

$21000$

$23000$

$2\mathrm{.}03$ Avionics

$80000$

$60000$

$45000$

$2\mathrm{.}04$ Communications

$30000$

$30000$

$30000$

$2\mathrm{.}05$ Tech. Manuals

$42000$

$42000$

$48000$

$2\mathrm{.}06$ Spares

$40000$

$35000$

$42000$

$2\mathrm{.}07$ Training

$80000$

$80000$

$86000$

Project Total

$342000$

$316000$

$324000$

Figure $14\mathrm{.}1$ Drug Surveillance Aircraft Project $-$ Monthly Performance Report

$($October $31,20$XX$)$

Question $21$ options:

$1)$

take actions to understand and remedy the schedule performance on the active avionics work packages.

$2)$

take actions to understand and resolve budgetary overruns on the active communications work packages.

$3)$

take actions to understand and remedy the schedule performance on the active training work packages.

$4)$

notify the project owner that you will not require all of the funding currently budgeted for this project.