help needed - Question from Oliver 73
Submitted by igelles on Sun, 07/12/2015 - 22:24
During a company event, you had the opportunity to talk to a colleague project manager. He told you that in his current project actual costs are 15% under cumulated costs budgeted for today.
What do you think?
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| The information given to you by the colleague is not sufficient to assess project performance. | ||
| The project will probably be completed with total costs remaining under budget until the end. | ||
| A significant cost increase during the further course of the project will probably bring the costs back to baseline level. | ||
| Original cost forecasting and budgeting for the project must have been poor to allow this variance. | ||
Forums:
NISHA
Mon, 07/13/2015 - 04:06
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Hi
Hi..
The answer should be first only because the collegue is only talking about the cost(costs are 15% under cumulated costs budgeted for today),There is nothing mention about the other aspects as schedule or anything.
It might be that the scenerio today can change tomorrow If the schedule changes and you have to crash the sschedule,which will lead to additional cost(Schedule compression-Crashing-Additional cost,Fast tracking-Increases risk).
So I will go with the the first answer,If I ama wrong please correct me.
Nisha..
igelles
Mon, 07/13/2015 - 05:59
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you got it right
i tought that sas the estmate of 15% is far form the definitive estimate - the estmationg wass wrong...
gomsy
Mon, 07/13/2015 - 22:27
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Nisha is right.....
Nisha is right.....