The overall quality of the project is poor. Project was supposed to be completed by the end of October, but is only about 70% complete as of now. The lack of available funds is the second major obstacle. It is the project manager's job to discover savings wherever possible. The project manager needs to find ways to cut costs without sacrificing quality. Improving quality can also be accomplished by conducting additional quality assurance tests. If the project manager follows this procedure, it will be completed on time, under budget and to the appropriate quality standards. The third phase consists of improving the project as a whole.

Explanation:

• The EVA shows that there are several problems with the project presently. There was a lag in the project's start, to begin. A second issue is that the project has gone above its allotted budget. The third problem is that the overall quality of the project is poor.
• The fundamental problem is that the project has fallen behind schedule. Project was supposed to be completed by the end of October, but is only about 70% complete as of now. The project manager must act swiftly in order to restore the project's forward momentum.
• The lack of available funds is the second major obstacle. The original estimate for the project's cost was $75,000, but the current cost is estimated to be $85,000. Ultimately, it is the project manager's job to discover savings wherever possible.
• That the project's quality as a whole is suspect is the third problem. The foundation's subcontractor did not meet the standards specified in the contract. Twenty percent or so of the work that this subcontractor had completed in July had to be redone. This caused several tasks to be delayed, but the project manager and the rest of the team never bothered to revise the timeline or the cost baselines to account for the change.
• It is imperative that the project manager take immediate action to address these concerns. The first order of business is to draft a brand-new strategy for the undertaking, one that takes into account the most recent information about the project's expected duration and budget. The next step is to consider how you may lessen the project's overall price tag. The third phase consists of improving the project as a whole.
• The project manager must revise the original plan to reflect the revised timeline and budget. The project's updated strategy should reflect the obstacles encountered thus far. The revised plan for the project should also include a backup strategy in case of unforeseen difficulties.
• The project manager needs to find ways to cut costs without sacrificing quality. One way to achieve this goal is to renegotiate contracts with current suppliers and subcontractors. One further way to reduce expenses is to use cheaper materials.
• Project managers also have work to do to boost the project's quality. One way to achieve this is to increase the level of supervision offered to subcontractors. Improving quality can also be accomplished by conducting additional quality assurance tests.
• Issues that have arisen require prompt action from the project's management. If the project manager follows this procedure, the project can be brought back on track, and it will be completed on time, under budget, and to the appropriate quality standards.

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