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Topic starter
17/09/2022 11:56 pm
A project to implement a new process is still in development. When implemented, the company will benefit by a reduction in utility costs. The project financial evaluation indicates a payback of 3 years.
What should the project manager do to expedite the project delivery?
- A . Increase resources on the technical design to enable a decision to proceed as this is a quick return project.
- B . Increase the time spent on project development to improve the level of confidence to validate the financial evaluation.
- C . Conduct a stakeholder survey with the plant operators to establish the probability of this project reducing the cost of utilities.
- D . Stop any further project development and commence with the implementation as there is no need to seek further approval.
Suggested Answer: A
25/04/2023 5:43 pm
Hi Wilber,
Thank you for your question above.
May I ask why the correct question is A? How do we know "3 years payback" is "a quick return project".
I know the question ask to "expedite" = act fast. And this answer contains the action "to enable a decision to proceed", but I still confuse the term "a quick return project".
Hope you or anyone else can help!