your cost forecast shows that you will have a cost overrun at the end of the project. Which of the following should you do?
Submitted by Antoine D on Wed, 06/20/2012 - 02:28
a) eliminate risks in estimate and reestimate
b) meet with the sponsor to find out what work can be done sooner
c) cut quality
d) decrease scope
source: rita's book 6th edition
the correct answer is (a) because "Look for the choice that would have the least negative impact in this situation."
reestimating will take some time and will incur additional cost.
why would we eliminate the risk by reestimating?
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Wed, 06/20/2012 - 03:57
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There is a risk of cost
There is a risk of cost overrun, the risk has not yet materialized, so you must try to eliminate the risk and re-estimate. ONly if the cost overrun had already happened you would analyze the impact and meet the sponsor with new estimate.
You can neither cut quality or decrease scope without Change control mechanism. So A is the best answer.