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Assignment:
Based on lessons from previous projects that used the Learn-it standard development model, the project board has set limited cost and time tolerances for stage 2. As a result, the project manager plans to set zero tolerances for time and cost for all work packages to be carried out during stage 2. Is this an appropriate application of the 'manage by exception' principle, and why?
a) Yes, because the project manager should set tolerances equally for all work packages in a stage.
b) Yes, because setting zero tolerance for stage 2 work packages will help the project manager adhere to the stage tolerances.
c) No, because tolerances set by the project manager should be the same as those set by the project board.
d) No, because accountability is established by delegating from one management level to the next by setting tolerances.
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