You work as a project manager for BlueWell Inc. Management has asked you not to communicate
performance unless the CPI is less than 0.96 or the SPI dips below 0.98. What type of report
would you create for management, if these instances develop in your project?

A.
Cost variance report

B.
Exceptions report

C.
Performance management report

D.
Schedule variance report

Explanation:
The best answer is simply an exception report. An exception report refers and documents the
major mistakes, mishaps, and goofs. In other words, it itemizes the important and critically
significant piece of documentation that is vital to the proper and effective functioning of a project. It
does not document what has gone right, but rather documents what has gone wrong.
Answer option C is incorrect. A performance management report is not a valid project
management report.
Answer option A is incorrect. The question is asked about cost and schedule so this answer would
not be appropriate for both the cost and the schedule.
Answer option D is incorrect. The question is asked about cost and schedule so this answer would
not be appropriate for both the cost and the schedule.