The project manager is reviewing the risk register and identifies a potential high-impact, high-probability risk: a key supplier could go out of business, delaying the project significantly. Which of the following actions would be MOST appropriate for the project manager to take FIRST?

Scenario:

You are managing a project to renovate an old library. The project is on schedule and within budget, but during a recent site visit, you notice that the foundation of the building appears to be shifting slightly.

Question:

How can the project manager BEST assess the potential impact of this foundation shift on the project?

You and your project team are about to enter a meeting to determine project costs. You have elected to use bottom-up estimating and will base your estimates on the WBS. Which one of the

following is not an attribute of bottom-up estimating?

You’re managing the 987 Project, a critical initiative for your organisation. Unfortunately, with four months left to completion, you’ve discovered the project is falling behind schedule.

Your team has calculated that for every day the project runs late, your organisation will lose $35,000 in potential sales.

After careful consideration and approval from management, you decide to implement a strategy to get the project back on track. This involves increasing the number of team members working on the project to accelerate the completion of remaining tasks.

Which project management technique best describes the action you’ve taken to mitigate the potential financial losses?

Scenario:

You are managing a project to renovate an old historic building into a modern art gallery. The project has several stakeholders, including the city council, preservation society, and local community members. The city council has granted permission for the renovation, but the preservation society is very concerned about preserving the building’s historical integrity. They have expressed strong opposition to any changes that they deem disruptive to the building’s original design.

Question:

Based on the stakeholder matrix discussed in the lecture, which quadrant would the preservation society MOST likely fall into?

During the execution phase of Project Zeta, a quality-centric initiative aimed at enhancing manufacturing processes, it was observed that certain nonconformities led to waste materials being discarded and defective components undergoing rectification. Additionally, production delays were experienced due to these quality control failures which necessitated halting of the assembly line operations temporarily. Within the framework of project management and particularly focusing on Cost of Quality (CoQ), what is the term that best describes the expenses directly associated with the described inefficiencies?

In developing a WBS, when dealing with tasks that involve cutting-edge technology or innovative processes where the scope of work isn’t fully understood at the start, it is advisable to decompose these elements into detailed work packages.

Scenario:

You are the project manager for a software development project. During a recent stakeholder meeting, a key client representative requests the addition of a new feature to the project scope: real-time user analytics dashboards. This feature was not originally included in the project scope statement and would require significant additional development time and resources.

Question:

Which of the following actions should you take FIRST to address this scope change request, considering the potential impact on project timelines, budget, and stakeholder expectations?