The project is delayed due to the high amount of major changes requested by different stakeholders at different stages of the project. If the project continues on the same path, it will consume twice the time and budget planned.
What two actions can the project manager take to be more cost effective? (Choose two.)
Conducting a stakeholder analysis can help the project manager identify and understand the needs and expectations of stakeholders, allowing for better management of change requests and prioritization. Adopting an incremental approach allows the project to be broken down into smaller parts, enabling more effective management of changes, reducing the impact on the project's timeline and budget, and improving overall control of the project.
By conducting a stakeholder analysis, the project manager can identify the key stakeholders, understand their needs, expectations, and influence on the project. This helps in prioritizing the changes and managing stakeholder expectations more effectively. It ensures that the project addresses the most critical and impactful changes, thus reducing unnecessary modifications and aligning the project scope with stakeholder priorities. Adopting an incremental approach, such as Agile or iterative development, allows the project to deliver smaller portions of the project incrementally. This method helps in managing changes more effectively, as it allows for regular reassessment and adaptation. By breaking the project into manageable increments, the team can implement changes and gather feedback continuously, thus minimizing the risk of large-scale reworks and helping to keep the project on track with time and budget constraints.
Highlight the ' Cost Effective'
The project manager should opt for **A. Conduct a stakeholder analysis** and **D. Adopt an incremental approach**. **A. Conduct a stakeholder analysis**: This can help the project manager understand the needs and expectations of different stakeholders, which can in turn help in managing the changes requested by them. By understanding who is requesting changes and why, the project manager can better manage these requests and prevent unnecessary changes that could delay the project. **D. Adopt an incremental approach**: This involves breaking down the project into smaller, manageable parts or increments. Each increment delivers a portion of the functionality and can be developed, tested, and delivered independently. This approach allows for better control over the project, as changes can be managed within each increment, reducing the impact on the overall project timeline and budget.
Its A & D.
AD is right answer, First prioritize the stakeholders using stakeholder analysis (Influence and impact analysis) and then do incremental work based work priority
Stakeholder analysis is the process of collecting information about any person that will be impacted by (or can impact) your project. Conducting a stakeholder analysis will enable you to identify all your stakeholders as well as their needs and expectations. The incremental approach is based on the principle that those involved in a project should at the outset focus on the key business objectives that the project is to achieve and be willing to suspend detailed consideration of the minutiae of a selected solution. Kind of like circling the wagons and focusing on the the project at hand.
Adopting an incremental approach and leveraging work between team members are two actions that can help the project manager be more cost-effective when facing delays due to a high number of major changes requested by different stakeholders. These actions allow for better management of changes and resource utilization, which can help mitigate the impact on the project's timeline and budget.
CHATGPT chooses C,E C. Update the project management plan with the new timeline: Given the project's current situation, with significant delays and potential cost overruns, it is crucial for the project manager to reassess the project management plan and develop a new timeline that accounts for the changes and their impact on the project schedule. This updated plan will help in setting realistic expectations for stakeholders and managing resources effectively. E. Leverage work between team members: When different team members work on similar tasks or deliverables, they might unintentionally duplicate efforts. The project manager should encourage collaboration and communication among team members to identify areas where work can be leveraged or shared. By optimizing resource utilization and avoiding redundancy, the project can become more efficient, thereby saving time and cost.
C. is the worst answer besides the other bad answer, B.
I would go with AD
Agree with AD
AD is the right answer
I think I agree. Conducting a stakeholder analysis (option A) helps identify and understand stakeholders' interests, influence, and requirements, which can inform decision-making and stakeholder engagement strategies. Incremental project delivery (option D) involves breaking down the project into smaller, manageable increments or phases, each delivering a portion of the project's functionality. By focusing on delivering smaller increments of value, the project manager can address stakeholders' immediate needs and reduce the risk of major changes later in the project.