An organization is initiating a project that will be using new technology. The complexity of the project requires excellent technical skills. After reviewing the proposed project management plan, the project sponsor asks for options to reduce the labor cost without introducing risk to the project delivery.
What should the project manager do first?
The first step should be to perform an analysis of the key cost drivers and present alternatives. This approach allows the project manager to understand what factors are contributing most to the labor costs and to identify potential areas where cost reductions can be made without introducing risk to the project delivery. By presenting alternatives, the project manager can explore different scenarios and make informed decisions about how to optimize labor costs while maintaining project integrity.
B. Perform an analysis of the key cost drivers and present alternatives
Option B is best in the case.
B. Perform an analysis of the key cost drivers and present alternatives.