cost management - over budget

Submitted by vijayavadrevu on Sat, 03/30/2013 - 11:29

A project is over budget to date. Which of the following is not a reason this could have occured?

A)More work than planned was accomplished

(B)There was a cost increase from the supplier

C)Work was delayed

D)Work was done inefficiently

 

Answer is given as ( C ). Why can't it be ( B )??

 

Can someone explain?

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sspawar

Sat, 03/30/2013 - 16:30

It should be only B

other are affecting time schedule

vijayavadrevu

Sat, 03/30/2013 - 17:13

 Thank You Sir

Julbrown31

Tue, 04/02/2013 - 12:03

 Another way to look at it.. In option C - no money is being spent. The project is delayed. The costs to be incurred have not been b/c there is a delay. 

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admin

Tue, 04/02/2013 - 09:28

Well the question is - NOT a reason,

A - Will result in cost increase as per EV

B - Not necessarily , could be managed if supplier has given fixed bid

C - Work is delayed so Crashing will result in cost increase, but Fast tracking may not increase the cost

D - Again not necessarily increase the cost.

So to me the question is not properly framed.

Where are you getting so many cost management questions from ?

Julbrown31

Tue, 04/02/2013 - 12:09

Hmm I think it's safer to just use the info stated. The exam is so tricky that I wouldn't consider what crashing or fast tracking can help do. The key ask is "what option is NOT a reason". The question isn't asking for a solution.. It's moreso asking what happened. 

  

sspawar

Tue, 04/02/2013 - 11:42

 Yes it is negative q whereas I answered B as positive option.

thus all 3 other than B./ rejection of such q is better option.