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in electronic components distribution industry. However, in recent years, the Internet has transformed the competitive landscape. As a result company's market share has been eroding. Hence, your current project involves implementing the company's internet strategies to best exploit these altered dynamics and increase the company's market share. You are in the project planning process, and are personally estimating the time needed for each activity. Once you've created the overall project estimate. You commit to completing the project deliverables to this date. Which of the following BEST explains why this is the INCORRECT way to estimate the schedule? A. The estimates should have been created by management B. The project sponsor should have been actively involved in producing the estimates C. The estimates should have come form the project team members D. The estimate should have accounted for the market dynamics and timing requirements
The estimates should have come form the project team members .
The estimate should have accounted for the market dynamics and timing requirements
Yes, the estimates are from the project team members
C. The estimates should have come form the project team members
As the project manager at a leading manufacturer of electronic components, you have a wealth of experience and a strong track record of success. Your company’s long-standing market leadership is a testament to its innovation, quality, and customer satisfaction. This role likely involves overseeing complex projects, ensuring timely delivery, and maintaining high standards to stay ahead in a competitive industry.
A. The estimates should have been created by management: While management may have strategic insight and provide high-level direction, they typically do not have the day-to-day technical knowledge needed to estimate tasks accurately.
B. The project sponsor should have been actively involved in producing the estimates: The project sponsor is generally responsible for providing resources, funding, and overall direction, but they are not typically involved in the nitty-gritty details of task estimation.
D. The estimate should have accounted for the market dynamics and timing requirements: While market dynamics and timing are important factors that could influence project scope and milestones, they are not directly related to the technical task-level estimation process. These considerations are generally factored into the overall project strategy but do not influence how long specific tasks will take.
In summary, the most accurate schedule estimates come from the team members who will be responsible for executing the work. This helps ensure that the timeline is realistic and based on a thorough understanding of the tasks and potential challenges.
Option C is a right approach to estimate the timeline of the project that project team should be involved in the process as the result team will own the overall project and will make their full input to successful implementation of the project.
The correct answer is C. The estimates should have come from the project team members.
Here’s why:
In project management, accurate time estimates should be made by the team members who are responsible for executing the work. These individuals have the technical expertise and detailed knowledge of the tasks involved, making them the best source for realistic and informed estimates. By estimating the schedule yourself, as the project manager, you may miss critical insights or fail to capture the complexity of specific tasks, leading to inaccuracies in the project timeline.
While management, the sponsor, and market dynamics are also important considerations, the primary responsibility for time estimation lies with the project team, as they are closest to the work
C. The estimates should have come from the project team members.
This is because project estimates should ideally be created by the people who will be doing the actual work. Involving the team members in the estimation process ensures accuracy and ownership, as they have the hands-on experience and knowledge of what is required for each activity. By solely creating the estimates yourself, you risk overlooking important details or underestimating the effort needed, which can lead to scheduling issues later on.
C. The estimates should have come from the project team members.
In project management, especially for complex projects requiring specialized knowledge, estimates for individual tasks or activities are best provided by those responsible for executing them. This approach improves accuracy, fosters accountability, and ensures that team members are committed to the timeline, as they contributed to its creation. By estimating the timeline alone, you risk overlooking important details that team members with firsthand expertise can provide, potentially leading to unrealistic or inaccurate project timelines.Here’s why the other options are less applicable:
Estimates should come from project team members taking into account market requirements and precise knowledge of time and execution
Under the supervision of the Executive Director
As the project manager at a manufacturer of electronic components, leading a company that has been a long-time market leader comes with both opportunities and challenges. Our position as a market leader is built on innovation, consistent quality, and strong customer relationships. However, maintaining this leadership requires continuous improvement, adapting to new technologies, and staying ahead of competitors. My role is to ensure that our projects align with strategic goals, from product development to process optimization, keeping us agile and responsive to market shifts while delivering reliable, cutting-edge products that meet customer demands.
