A large construction project is progressing well as per the project objectives. The project manager would like to report the project's value to the project sponsor and seek the next phase of funding closure. What should the project manager do?
A.
Ensure a measurement system is in place like earned value analysis (EVA) to track project value for the project sponsor
B.
Create a detailed project report on successes and challenges for the project sponsor
C.
Submit a detailed report on the cost budget vs. the cost actuals as the project sponsor will want to know more about finances
D.
Arrange a site visit to show the project sponsor the construction progress in person
I understand that A is the answer.
However, why can't B be an answer?
B. Create a budget burndown and a scope burnup and then verify that the project scope is completed before the allocated budget is depleted.
D is flat wrong. They said using value to convey the message not in person
A is the most correct
B is best runner up but coveys non value message so it is eliminated as best choice
"The project manager would like to report the project's VALUE to the project sponsor and seek the next phase of funding closure.
B. is wrong. To be able to report you need a system to measure. Which is A.
C. is just plainly wrong cause you assume that sponsor just want to know about finances.
D. Might be a good choice. Show him the site and the deliverable but behind the curtains, your cost is messed up and your schedule is about to be f*cked up.
A. Ensure a measurement system is in place like earned value analysis (EVA) to track project value for the project sponsor
I would go with B.
Why A? isn't it too late to think about EVM when the phase end is approaching? EVM should be used to help tracking from the beginning. The question is emphasizing on the need of a report.
CHATGPT SAYS B
Reporting project progress: Creating a detailed project report allows the project manager to effectively communicate the successes achieved and challenges faced during the construction project. It provides a comprehensive overview of the project's value and highlights key milestones, achievements, and areas that require attention or further funding.
Project sponsor engagement: By providing a detailed report, the project manager can engage the project sponsor in a meaningful discussion about the project's progress and value. The report serves as a basis for dialogue and helps the project sponsor understand the overall performance, benefits, and potential areas for improvement.
I would go with A as EVA helps monitor and show the achieved value vs. planned value, not just a cost view. 'B' talks about 'project successes and challenges' while the PM wants to share the project's value.
I was thinking of D... Real inspection over document
upvoted 3 times
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