if the project schedule review shows that you are 20% behind schedule, the project manager should: a. immediately notify the project sponsor b. add the event to the risk register c. report the variance as an issue d. perform additional cycles of risk identification because you obviously missed one of the risks
c. report the variance as an issue
Identifying the risk at this stage shall not actually help in curbing the lagging in schedule neither would adding the event to the risk register help. So alternatively, it is recommended to report the variance as an issue and check for possible solutions such as Crashing in the project wherein additional resources could be added in the critical path to cover the lag in the schedule to some extent.
if the project schedule review shows that you are 20% behind schedule, the project manager should:...
Develop a Risk Log (aka Risk Register), identifying ten (10) risks for a project you are currently working on. Format the spreadsheet such that it is understandable to all project stakeholders regardless of their knowledge of Project and/or Risk Management, and easily viewable, for reporting purposes. The format should be valuable to both technical team members and your project sponsor. Rubric Points Identification of Risks 50 Required Fields 20 Grammar and Proper Citations 10 Clear Format and Easy to View/...
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You just completed developing the schedule for your project and got the approval from stakeholders and the sponsor. One of the team members assigned to work on a critical component informs you that she needs additional time to complete her activities as several relevant pieces were missed during planning. Her updated estimate would have no impact on the critical path; thus, the project duration would be the same. The best approach the project manager may take in this situation will...
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