Funding limits vs Planned Expenditures
An IT project manager, Tom, is evaluating expenditure of funding limit reconciliation. He realises than there is a variance between the funding limits and the planned expenditures that needs to balance. How would you accomplish this?
A. Submitting request of change of funding limits through formal change control procedures.
B. Requesting for approval a new schedule baseline
C. Placing date constraints for work into the project schedule.
D. Introducing the issue to the funding entity and request new funding limits.