Assumptions on the project schedule are too optimistic

Assignment Help Business Management

Reference no: EM133783948

Question

During a project team meeting, a risk manager realizes that the initial assumptions on the project schedule are too optimistic. The risk manager believes that the project might not meet its deadline as initially stated. What is the reason for misunderstanding the assumptions from the beginning?

• The team's compensation was reduced and they lost the motivation to comply with the project deadline.

• Government regulations have changed in the last week, and now additional approval processes are required.

• The stakeholders prepared the initial schedule assumptions based only on the results of the last project.

• The sponsor had neither presented the actual results to the stakeholders nor updated the initial assumptions.

Reference no: EM133783948

Questions Cloud

When comparing external to internal selection : When comparing external to internal selection, which of the following statements are true?

Time management tips for managers include remembering : Time management tips for managers include Remembering Your ABCs by prioritizing (or identifying) some things on your to-do list of responsibilities

Staffing changes due to improvement project : Using HR planning, what are the best steps for staffing changes due to an improvement project?

Responsible for performing administrative functions : Express an experience as it relates to these administrative of a Recreation Supervisor is responsible for performing administrative functions

Assumptions on the project schedule are too optimistic : During a project team meeting, a risk manager realizes that the initial assumptions on the project schedule are too optimistic.

Fully accountable to managing the risks : Assign owners who will be fully accountable to managing the risks. Define the response plans and take the lead in implementing them.

Anti-money laundering program in accordance with law : ABC Insurance Company is setting up their anti-money laundering program in accordance with the law.

Modelling for manufacturing and logistics systems : Modelling for Manufacturing and Logistics Systems Describe the supply chain of your chosen manufacturing company, from raw material suppliers to end users

Risk manager use to ascertain cost performance risk : A project baseline included a budget of US$900 million and a 12-month schedule. What should the risk manager use to ascertain the cost performance risk?

User Account

All Pages