Advanced Project Management - 1157 Words

Telestar International (Chapter 7 – Page 312) 1. Who do you believe is at fault in this situation? I believe that the Project Manager is at fault in this situation. The structures manager strongly advised the project manager not to stop the activities in this department before testing the plant’s high-pressure pneumatic and electrical systems. The structures manager warned the project manager and even mentioned that the test was scheduled for the next month. I think it would have been more important to consider this risk and prevent this from happening, alone from a safety perspective. The project manager also mentioned that his boss expects him to finish this project without a cost overrun. However, maybe it would have been of†¦show more content†¦It is typically used when there is a scope of services, but it is not well defined or when there are too many uncertainties for the seller to use a fixed price contract. I probably would try to approach the customer with my problems in hopes of relief. Also, it would only be fair to the customer to be informed, since it’s not a fixed-price contract and additional work would require additional fees to be paid. 4. If you were the customer of this cost-plus program, what would your response be for additional funds for the bathtub period, assuming cost overrun? Since this is not a fixed-price contract, it’s quite common that cost overruns occur due to the scope of services not being well defined. I would consider my options and try to make a decision considering the most effective and efficient way to complete the project. If additional funds and cost overruns are inevitable, I would try to determine if it would be worth it to crash the project and reduce costs in another way. It even depends on the kind of cost-plus contract. A CPF contract for example would actually give the seller an incentive to overspend because the higher the cost the higher the profit. So I would be more than glad to be involved considering the circumstances. 5. Would your previous answer chang if the program had the money available as a result of an underrun? As I mentioned in my previous answer, since the scope is not as wellShow MoreRelatedAdvanced Database Management System Project1284 Words   |  6 PagesMidterm Project Documentation for ITEC 65 – Advanced Database Management System Grading System In English III to VI/Tambo Munti Kulit Elementary School Prepared By: Emer John C. Epineli September 2, 2013 Submitted to: Mr. James Angelo V. 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