Question: 8. You're managing a project to develop a new mobile applic.ition for the inventoryt racking-and-control system of a restaurant franchise organiz.~tion. Schedule is the highest-priority
8. You're managing a project to develop a new mobile applic.ition for the inventory·t racking-and-control system of a restaurant franchise organiz.~tion. Schedule is the highest-priority rnnstraint for the leader~h1p team, but the franchise owners are most concerned about cost and the quality of the application. ff there are bugs and errors in the system, they will pay higher costs on waste or lost sales.
But investing a lot of dfort into delivering great functionality could be expe11si1·e. It was decided that an adaptive approach to the project life cycle would likely be the best w.1y to b.u..incc the competing priorities and deliver a working, cost-effective application. 111e franchise decision team ha~ been meeting with the development team. 'lhc b'Toups foci good about the projt>ct's progrc..~s, but they are hearing concerns from other stakeholders about what the impact will be to the bottom line and whether the system will be ready for launch. These concerns were anticipated in planning, and will be managed with cost performance mc.1~urcment. Cost performance measurement is best done through which of the following?
A. Asking for a percent complete from each team member and reporting that m the monthly progress report B. C.1lculating eanwd v.1Jue, and n~ing indexes and other calcul.1tions to report past perform.111ce
.rnd forecast future performann•
C. Using the 50/50 rule, and making sure the life cycle cost i sles~ than the project cost D. Focusing on the amount expended last month and what will be expended the following month
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