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The Project is only earning $. for every dollar spent, while it is% ahead of schedule. As a result, the project manager has assembled the project team to review options for correcting the budget overage. Which of the following would best address the budget overage issue?
a. One of the project team members recommends a fast tracking option, thus lowering the costs
b. Since most of the complex technical work has been completed, it was suggested that the most experienced resources could be swapped out for less experienced resources, thus lowering the cost
c. The business analyst recommended a negotiation with the stakeholders to reduce scope, thus lowering project costs
d. The CFO’s representative recommended firing all the consultants. Since% of our development budget is being burned by contractors, this would remove a huge financial burden, thus lowering costs
B. is my answer.
b. Since most of the complex technical work has been completed, it was suggested that the most experienced resources could be swapped out for less experienced resources, thus lowering the cost
thanks for invition ,,,,,,,,,, my choice is option B
B – Swapping out expensive resources for less expensive resources would most directly impact your budget and is the simplest thing to do, especially if there is no technical impact on the project. Fast tracking may not reduce your costs, but they reduce schedule. Reducing scope is a last resort when nothing else may work. Suddenly firing all the consultants may sink your project.
Well the values of CPI and SPI show that you are over budget and ahead of schedule. Also the duration of 2 years means with the SPI index almost 70% work is completed. I would go for answer D there is no further need of consultants by now and that would reduce huge burden on the budget.
Although mostly the Fast tracking is used for time reduction, it is the best answer
