What piece of information is missing to draw a proper conclusion from the following data? 1) Planned cost for the first month of a project = $5,000. 2) Actual expenditures for the first month = 8,000.Multiple choice question.How many critical activities have been completed.How many total activities have been completed.How much work was completed for the money spent.Nothing missing, the project is $3,000 over budget.
Question
What piece of information is missing to draw a proper conclusion from the following data? 1) Planned cost for the first month of a project = 3,000 over budget.
Solution
The piece of information missing to draw a proper conclusion from the data is "How much work was completed for the money spent." This is because, even though we know that the project went over budget, we don't know how much of the project was completed. It's possible that more work was done than was initially planned, which could justify the additional cost. Without this information, we can't accurately assess the project's financial performance.
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