YOU ARE THE PROJECT MANAGER FOR A HIGH VISIBILITY PROJECT. THE MARG...
2. You are the project manager for a high visibility project. The margin on
this project is low, and it is extremely important that the cost estimates
for the work on the project be accurate. While reviewing the cost esti-
mates for this project you notice that one of the cost estimates for an
element in the WBS is 10% higher than two previous projects for very
similar work. What should you do?
a. Accept the estimate because you trust all of the people on your
project team, and they are responsible for estimates.
b. Reduce the estimate and add the additional budget to the manage-
ment reserve.
c. Ask the person responsible for the estimate to explain the difference
and bring supporting information to you.
d. Reduce the estimate and add the additional budget to the contin-
gency reserve.