A Project Manager Has Been Assigned a Project with a Budget

question 383

Multiple Choice

A project manager has been assigned a project with a budget of $50,000. Three change requests are submitted during execution that will increase the overall project cost to $60,000. Which of the following steps should the project manager perform NEXT?

• A) Wait until the change requests are approved by the CCB.
• B) Approve the changes because the additional functionality is required to complete the process.
• C) Speak with the project sponsor and provide a detailed analysis of the changes and impacts to the project budget.
• D) Schedule the changes as part of the second phase of the project when additional funding will be available and work can be completed.

Understand how probability and deprivation influence an activity’s reinforcement value.

Identify the creators and critical components of probability-differential theory.

Analyze how specific behaviors or preferences can serve as reinforcers according to various theoretical perspectives.

Explore the applications of behavioral theories in real-world settings and their impact on performance improvement.

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Definitions:

Mislaid

Refers to property that is intentionally placed somewhere but then forgotten, implying it can be recovered by the owner.

Abandoned

A state where a property or a project has been left forth by its owner or tenant without any intention to return and claim or resume its use.

Safety-deposit Boxes

Secured containers held within banks or vaults where individuals can store valuable items or documents for protection.

Bailor

The party in a bailment contract who temporarily transfers possession but not ownership of a property or good to another party.