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You are the project manager for a project. While reviewing the cost estimates for the project you notice that one of the cost estimates for an?

element in the WBS is% higher than previous project for very similar work. What should you do next?

A. Accept the estimate

B. Reduce the estimate

C. Ask the person responsible about the difference

D. Ignore it

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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2017/03/31
Mohamed Kamal
by Mohamed Kamal , Cost Control Manager , China State Construction Engineering Corporation Ltd. (Egypt)

(C)

to ask the responsible person of the estimate if he has logical reason for the raise

Satish Kadam
by Satish Kadam , Sr.Manager IT , Pandhe Infracons Pvt.Ltd

If i am the project manager then i will follow below steps :

1. Ask the person responsible about the difference

2.Get Estimate ,  Reduce the estimate

3. Accept the estimate

 

Sattar Abdulkarim  Mohamed
by Sattar Abdulkarim Mohamed , Country Sales Director , Ideal Technical Solutions

It is more convenient answer Option C -  Ask the Person Responsible about the Difference.

DR MD ANWAR HOSSAIN
by DR MD ANWAR HOSSAIN , Moderator , bayt.com

Thank you for invitation. I think C. Developing project schedule with contingency reserves as a recognition of the schedule risk.

C. Ask the person responsible about the difference

Krishna   KHASANIS  PMP
by Krishna KHASANIS PMP , Project Manager-Electrical , Larsen & Toubro Ltd, P T & D (International)

Option - C is most appropriate action to be taken under the circumstances.

Mahmoud Abdel Aziz CMA
by Mahmoud Abdel Aziz CMA , Finance Manager , Pan Gulf Telecommunication Co. - Pan Gulf Holding Co.

you should analysis and as the responsible emp. 

Raihanozzaman  Bhuiyan
by Raihanozzaman Bhuiyan , Manager ce engineer , Cordial Holdings Ltd

Finishing item, structer item

Nahila Salameh
by Nahila Salameh , Chief Accountant , BTC Networks SAL (Telecommunication engineering company)

Indeed C.: Ask the person responsible about the difference and try to analyse why it happened

 

ASHOK MOHANTY
by ASHOK MOHANTY , Asst General Manager , M/s Shriram EPC Ltd & posted

Engineering, procurement , contraction

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