Suggest conducting a detailed cost-benefit analysis

Assignment Help Management Theories

Reference no: EM133693982

Question: A project manager has been assigned to a project that is consolidating regional operations into a global operation. The project sponsor explains that some efficiencies could be obtained from this unification. However, the sponsor is not sure if this effort will have a return on investment (ROl) and would like the project manager's opinion. What should the project manager do?

Request the project sponsor to include a commitment from the stakeholders to reduce costs within the project scope.

Recommend conducting an initial high-level feasibility assessment to estimate the cost and benefits.

Suggest conducting a detailed cost-benefit analysis for financial feasibility before the start of the project.

Explain that the project manager is limited to demonstrating earned value (EV) from the project execution perspective.

Reference no: EM133693982

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