Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A project manager has been assigned to a project that is consolidating regional operations into a global operation. The project sponsor explains that some efficiencies

A project manager has been assigned to a project that is consolidating regional operations into a global operation. The project sponsor explains that some efficiencies could be obtained from this unification. However, the sponsor is not sure if this effort will have a return on investment (ROl) and would like the project manager's opinion. What should the project manager do? Suggest conducting a detailed cost benefit analysis for financial feasibility before the start of the project. Request the project sponsor to include a commitment from the stakeholders to reduce costs within the project scope Explain that the project manager is limited to demonstrating earned value (EV) from the project execution perspective. Recommend conducting an initial high-level feasibility assessment to estimate the cost and benefits

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Strategic Planning In Healthcare

Authors: Jeffrey P. Harrison

3rd Edition

1640552014, 9781640552012

More Books

Students also viewed these General Management questions