Two weeks after starting work the Team Manager noticed that each completed product had exceeded its estimated effort by around 10%. If this trend continues the Work Package will exceed its agreed cost tolerance of 5%.
Which 2 actions should the Team Manager take in response to this situation?
The Team Manager should first check the status of the products currently being worked on and analyze the effort expended to determine if the trend is continuing. This allows for an accurate understanding of whether the problem is persistent and systemic. Secondly, raising an issue about the cost exceeding tolerance if the current trend continues is crucial. This ensures that the potential cost overrun is formally recognized, allowing for appropriate action to be taken to mitigate the risk.
Options A and E should be the first actions taken to assess and report the situation. Once there is confirmation that the trend is continuing and that it could lead to exceeding cost tolerance, then escalating the situation in the next Checkpoint Report is an appropriate step to inform higher management levels and trigger necessary actions or decisions.