As you develop your project schedule and budget it is not unusual

Cabinet renovation

\2.1

As you develop your project schedule and budget it is not unusual for something that you have never considered to impact your schedule and budget. How would handle such unplanned event(s) that could impact your schedule and budget. What is the critical path and as a project manager how would you manage the critical path?

2.2

Your project has a Schedule Performance Index (SPI) of .67 and a Cost Performance Index (CPI) of 1.45. What factors could have led this to happen in your project and would you crash or fast track your schedule?

2.3

What question(s) would you ask as a project manager, to your team, to know if the project is on schedule and on budget?  How would you validate the answer quantitatively given to you by your team?