Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

As a project manager you decided to reduce one test cycle. During the acceptance testing the customer...

reported more than the expected no. of defects. This forced you to send an additional resource to customer location for stabilizing the system. The cost associated with this additional effort is best described as:

A.  Lost value

B.  Opportunity cost

C.  Cost of non-conformance

Contingency

user-image
Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2016/06/07
sardar mardookhy
by sardar mardookhy , Head of portfolio management department , MCI

I think C is the answer,

Cost of non conformance

Hrvoje Kancelak
by Hrvoje Kancelak , Certificated Traffic Engineer , Office of independent engineer

The answer is definitely:

 

C.  Cost of non-conformance

Mohamed Helal
by Mohamed Helal , Project Manager , GROUP CONSULT INTERNATIONAL

I prefer to leave answers to Experts. Thanks for Your kind Invitation.

Ksenija Kancelak
by Ksenija Kancelak , Construction Project Manager , City of Koprivnica, Koprivnica (Croatia)

I think the answer is:

B. Opportunity cost

 

Farhana Siddique Fari
by Farhana Siddique Fari , Coordinator , Coordinator at DFA, Dr Fazeela Abbasi, Advanced Skin, Laser & Hair Institute, Islamabad.

Thank you so much Mr. Farooq for your kind invitation; I prefer awaiting the Experts' answers.

Deleted user
by Deleted user

B. Oppurtunity Cost is the correct answer.

Details:

Opportunity costs: When you focus on Project A, it generally means that resources are not available to work on Project B. The lost value of Project B is Project A's opportunity cost.

Sathish Prabhu.V
by Sathish Prabhu.V , Manager - Operations & Process Improvement , Revolution Valves

Opportunity cost is the cost of lost value when another action taken to counter previous action

Eng Ahmed Elsharkawy
by Eng Ahmed Elsharkawy , Civil Engineering Project Manager , Altwijry office

thanks for invition ,,,,,,,,,, my choice is option C

More Questions Like This