Performance Reporting

Correct Answer: Environmental Risk Impact report

The question is asking for a report that would help evaluate potential future environmental impacts and risks. Out of the choices presented, only the 'Environmental Risk Impact report' directly attends to evaluating and forecasting future environmental risks and impacts, which is the primary concern of the stakeholders in this scenario. On the other hand, a 'Schedule Variance (SV) report' assesses progress in relation to the project's schedule, not environmental impact. 'Budget At Completion (BAC) report' focuses on the budget and does not include assessments of environmental risks. Lastly, a 'Stakeholder Management report' relates to stakeholder engagement and their interests, and does not necessarily focus on forecasting environmental risks.

Correct Answer: Quality Audit report

The best answer is 'Quality Audit report'. Since the stakeholders want to know about the project's quality performance and the corrective actions taken for issues identified, a Quality Audit report is the most appropriate document to provide. This report will detail the overall quality performance of the project, along with what issues have been identified and the steps that are being taken to correct these. Conversely, 'Resource usage report' would include information about how resources are being used in the project, not necessarily the quality or corrective actions. 'Business case report' would only explain the justification for initiating the project and the benefits expected, but not details about the ongoing quality performance. As for 'Roles and Responsibilities', this document delineates who is responsible for what in the project and does not include any information about the quality performance or corrective actions.

Correct Answer: Cost Variance (CV) report

The Cost Variance (CV) report is the best option as it directly analyzes the difference between the budgeted cost and the actual cost, thereby revealing the sources of cost overrun. The Quality Analysis report is not directly related to cost. It reports on the quality of the work completed, not the costs. The Critical Path Analysis is a tool used in scheduling and does not provide a report on the variance of costs. Lastly, the Lessons Learned report would only be produced after the completion of the project and would not prove useful in an ongoing cost overrun situation.