When resources such as overtime, extra equipment, and additional staff result in higher costs, what should a project manager do?
A)Hire additional staff and acquire additional resources.
B)Terminate the project.
C)Make a tradeoff between the extra costs associated with crashing and the benefits of a reduced project completion time.
D)Look for a new sponsor of the project.
E)Delay the project until economic conditions change.

Question

Quizplus · Accepted Answer

The project manager should evaluate the tradeoffs between the additional costs incurred by accelerating the project (through methods like overtime, extra equipment, and additional staff) and the benefits of completing the project sooner. This involves analyzing whether the benefits of a reduced timeline outweigh the increased costs, a fundamental aspect of project management decision-making.

When Resources Such as Overtime, Extra Equipment, and Additional Staff