WBS Element

Planned Value

$($PV$)$

Earned Value

$($EV$)$

Actual Cost

$($AC$)$

$2\mathrm{.}01$ Airframe

$48,000$

$48,000$

$50,000$

$2\mathrm{.}02$ Engines

$22,000$

$21,000$

$23,000$

$2\mathrm{.}03$ Avionics

$80,000$

$60,000$

$45,000$

$2\mathrm{.}04$ Communications

$30,000$

$30,000$

$30,000$

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

$42,000$

$42,000$

$48,000$

$2\mathrm{.}06$ Spares

$40,000$

$35,000$

$42,000$

$2\mathrm{.}07$ Training

$80,000$

$80,000$

$86,000$

Project Total

$342,000$

$316,000$

$324,000$

Drug Surveillance Aircraft Project$$Monthly Performance Report

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

Consider the project performance report presented in the Figure above. 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

$48,000$

$48,000$

$50,000$

$2\mathrm{.}02$ Engines

$22,000$

$21,000$

$23,000$

$2\mathrm{.}03$ Avionics

$80,000$

$60,000$

$45,000$

$2\mathrm{.}04$ Communications

$30,000$

$30,000$

$30,000$

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

$42,000$

$42,000$

$48,000$

$2\mathrm{.}06$ Spares

$40,000$

$35,000$

$42,000$

$2\mathrm{.}07$ Training

$80,000$

$80,000$

$86,000$

Project Total

$342,000$

$316,000$

$324,000$

Drug Surveillance Aircraft Project$$Monthly Performance Report

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

Consider the project performance report presented in the Figure above. As a project manager these results should lead you to:

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

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

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

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