Early in the execution phase, a project manager discovers that recent changes in enterprise environmental factors (EEFs) will severely reduce the implementation cost and shorten the project schedule.
How should the project manager address this situation?
In this scenario, the project manager should follow the project escalation policy and communications management plan. This ensures that any changes resulting from the enterprise environmental factors are properly documented and communicated to all relevant stakeholders. This approach maintains transparency and adherence to project governance protocols, which is essential when there are significant impacts on cost and schedule.
in this scenario, PM already indentify the issue and next step need to escalete the issue to high manager
But why not B?
D. Follow the project escalation policy and communications management plan
PMBOK: Five alternative strategies may be considered for dealing with opportunities, as follows: uu Escalate. This risk response strategy is appropriate when the project team or the project sponsor agrees that an opportunity is outside the scope of the project or that the proposed response would exceed the project manager’s authority. Escalated opportunities are managed at the program level, portfolio level, or other relevant part of the organization, and not on the project level. The project manager determines who should be notified about the opportunity and communicates the details to that person or part of the organization. It is important that ownership of escalated opportunities is accepted by the relevant party in the organization. Opportunities are usually escalated to the level that matches the objectives that would be affected if the opportunity occurred. Escalated opportunities are not monitored further by the project team after escalation, although they may be recorded in the risk register for information.
Why? Can someone please explain? Thanks
Even with a positive benefit, its a risk, and risks usually follow some form of tracking/escalation policy if they become an issue. Change control procedures will apply to this. I'd assume the next best answer is to let the team take more time to complete everything, however this is something you should avoid. Parkinson's law basically says that any amount of time given for work completion will usually be used up. For example if you give someone an 8 hour workday, but they finish most of the work in 2 hours, they will stretch that last bit of work out to the last hour, this is why you never want to take shortcuts and just throw buffer numbers out there, because each "buffer" you give someone is basically adding cost to it that probably wouldn't be necessary in the first place.