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Imagine if you provide a project cost estimate for the project to the project sponsor. He is unhappy and ask u to cut the cost.What should u do?

A.Start the project and constantly look for cost savings

B.Tell all the team members to cut15 percent from their estimates

C.Inform the sponsor of the activities to be cut

D.Add additional resources with low hourly rates

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Question added by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants
Date Posted: 2015/08/03
Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

The best approach would be to provide accurate figures and support the estimate with historical information in past projects documents.

Gayasuddin Mohammed
by Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

Option (c) is the reasonable answer from the given option for this question.

Muhammad Haris
by Muhammad Haris , Executive Assistant & Project Management Unit Officer , Riphah International University

Best answer is Inform the sponsor of the activities to be cut

SUBHIRAMANIYAM krishnan subramaniam
by SUBHIRAMANIYAM krishnan subramaniam , Consultant , Sukrutham

In the available options option C seems best bet. However the right approach will be to understand which part (item) of the budget the sponsor is unhappy about and either address it or convince the sponsor with more detailed workings or historical data on that part of the budget.

Vartika Rao
by Vartika Rao , Technical project manager , Meeza

The best approach would be to provide more clarification and discuss it again with the client to make him/her understand all the points. And yes provide historical information in past projects documents to prove your point.

Emad Mohammed said abdalla
by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

I fully agree with the answer been added by EXPERTS......................Thanks.

Mohammed Akber Khan
by Mohammed Akber Khan , Arch. AutoCAD Draftsman , Saudi Lebanese Tarouk Contracting Co

discussion with the client to make him/her clearly understand all the points, and Provide information of the past project to convince the client. i thing the answer from given above option will be (C.  inform the sponsor of the activities to be cut).

Deleted user
by Deleted user

cut from the thing that does not endanger the safety of the project.

we can play with the size of the members but still provide safety.

Vetri Selvan Manikkam
by Vetri Selvan Manikkam , Assistant Manager -Quantity Survey , Larsen & Toubro (Oman) LLC

Discuss with the client on time/scope/quality , understand the needs once again, then suggest where the cost can be modified duly adhering the scope .

janice solis
by janice solis , Materials Section's Staff as Snr. Tech. handling GC-06&08 (S&EK) Internal Post.: Engineer , Kuwait Oil Company / Contractor: from Gulf Spic to Almeer (present)

Inform the sponsor so that they can discuss with the project teams on which part of the Project that the Cost can be adjusted; especially in Cost Estimates we have a so called contingency factor upto15% which we can adjust it upto minimal point depending on the co-ordination of the Teams. 

Mohammed Asim Nehal
by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

I will opt for c) Inform your sponsor about all activities that you will cut from the planned ones with their impact and repercussions so that he is fully aware about what he will get as an end result and what will get eliminated. 

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