Multiple Select QuestionSelect all that applyWhat are the potential actions of project funding cuts such as the reduction or elimination of the source of project cash inflow?Multiple select question.Reduce project scopeCrashing the projectCancel remainder of the project
Question
Multiple Select QuestionSelect all that applyWhat are the potential actions of project funding cuts such as the reduction or elimination of the source of project cash inflow?Multiple select question.Reduce project scopeCrashing the projectCancel remainder of the project
Solution
The potential actions of project funding cuts such as the reduction or elimination of the source of project cash inflow could be:
-
Reduce project scope: This means that the project's goals and objectives are scaled back. This could involve reducing the number of features or functionalities that the project will deliver, or narrowing the project's focus to only the most essential elements.
-
Crashing the project: This is a technique used to shorten the project schedule by adding more resources to critical path tasks. This could be a potential action if the project is facing funding cuts, as it could help to deliver the project more quickly and therefore potentially reduce costs. However, it's important to note that crashing a project can often lead to increased risk and decreased quality, as tasks are rushed and less time is available for quality control.
-
Cancel remainder of the project: If the funding cuts are severe enough, it may be necessary to cancel the remainder of the project. This would mean that the project is stopped before it is completed, and any work that has been done so far is potentially wasted. However, in some cases, this may be the most cost-effective option if the project is no longer viable due to the funding cuts.
Similar Questions
Multiple Select QuestionSelect all that applyWhich aspects of a project may be finalized once resources are applied to a project plan?Multiple select question.The communication planA baseline project scheduleThe project baseline budgetThe risk management plan
Multiple Select QuestionSelect all that applyWhich are potential impacts given a project with risk responses but no contingency plan?Multiple select question.Delayed corrective action.Panic.Reduced costs through saved time.Incorrect actions taken.
Multiple Select QuestionSelect all that applyWhich aspects of project management require a system/process to track and control change?Multiple select question.Improvements suggested by team members.The project network plan.Implementation of contingency plans.Project scope.Communication plan.
Multiple Select QuestionSelect all that applyCharacteristics of capital budgeting include: (Check all that apply.)Multiple select question.outcome is certainshort-term investmentsmall amount of money is involvedoutcome is uncertainlarge amount of money is involvedlong-term investment
Multiple Select QuestionSelect all that applyWhat negative impacts does the centralization of project resource planning hope to avoid?Multiple select question.Overall schedule slippage.Excessive project costs.Resource bottlenecks.Inefficient resource utilization.Need help? Review these concept res
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.