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.