A project is 40% complete with actual costs of $600,000 against a planned budget of $500,000 for work performed. What does this indicate for financial forecasting?
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A
The project is on track and forecasts require no revision
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B
The project has a cost overrun trend that will likely increase the Estimate at Completion above baseline
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C
The project is under budget and the forecast should be reduced
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D
The schedule variance is positive, so no financial adjustment is needed