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Over Budget

A project budget report is showing our project as spending 35,000 against a budgeted amount of 40,000. What does this report tell you about the project?

1. we can't be sure how the project is going
2. we should check to see if all bills have been paid
3. we are doing a good job managing the project
4. we are spending less than we should for the project

Solution Preview

The correct answer is 1. Spending less than the budgeted amount does not mean that we are doing good. We ...

Solution Summary

The solution is concise and to the point and explains the concepts very well. The solution is very easy to understand as well. Overall, an excellent response to the question being asked.