Project Risk, Quality, and Procurement Monitoring and Controlling
Topic 1: Personal Profit
You have been engaged to manage a project. The estimated cost of the project is $1M. The project sponsor has approved this amount. Your earned value calculations indicate that the project will be completed on time and under budget by $200K. Based on this calculation, your personal profit will decrease by $2K. Given the estimated decrease in personal profit, what action should you take?
Invoice for the full $1,000,000 based on the contract.
Add tasks to improve the outcome and increase the actual project cost.
Inform the end-user that you can add features to the project in order to use the entire.