Question: John, a seasoned project manager, was leading a complex construction project for a new commercial building. He had extensive experience and was well-versed in cost
John, a seasoned project manager, was leading a complex construction project for a new commercial building. He had extensive experience and was well-versed in cost management tools and techniques. The project had been moving forward smoothly, with the budget well under control, until they reached the halfway point. At this stage, John encountered a major challenge. Unforeseen weather events and delays from suppliers disrupted the project schedule, causing a ripple effect on costs. He quickly realized that the project was at risk of exceeding its budget due to these unforeseen circumstances. John's initial reaction was to work closely with his project team to assess the impact of these delays and identify areas where cost-saving measures could be implemented. He utilized the project's cost management tools, including Earned Value Management, to evaluate the project's current cost performance. What alternative strategies could John have considered when he first encountered the weather-related delays and supplier issues
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