The executive sponsor asks a project manager to summarize the following for a project: 1
Final capital expenditures.
2
Anticipated cost of new employee resources to support the solution.
3
Maintenance estimates.
Which of the following information should the project manager provide?
Click on the arrows to vote for the correct answer
A. B. C. D.A.
The project manager should provide the executive sponsor with the following information:
Final capital expenditures: This refers to the total amount of money that the organization has invested in the project. The project manager should provide the executive sponsor with a detailed breakdown of all the costs associated with the project, including the cost of hardware, software, labor, and any other expenses that were incurred during the project. The project manager should also provide information on how the capital expenditures were funded and whether any cost overruns were experienced.
Anticipated cost of new employee resources to support the solution: This refers to the cost of hiring new employees or contractors to support the project solution. The project manager should provide the executive sponsor with an estimate of the cost of new employee resources, including salaries, benefits, and any other associated expenses. The project manager should also provide information on the number of new employees that will be needed and the duration of their employment.
Maintenance estimates: This refers to the cost of maintaining the project solution after it has been implemented. The project manager should provide the executive sponsor with an estimate of the ongoing maintenance costs, including any recurring expenses such as software licensing fees, hardware maintenance costs, and labor costs. The project manager should also provide information on the expected lifespan of the project solution and any potential maintenance issues that may arise.
Based on the given options, none of them fully address the information requested by the executive sponsor.
A. Cost baseline is a reference point that is used to measure and monitor the project's performance. It does not provide information about the final capital expenditures, anticipated cost of new employee resources to support the solution, or maintenance estimates.
B. Burn rate refers to the rate at which the project is using its budget. It does not provide information about the final capital expenditures, anticipated cost of new employee resources to support the solution, or maintenance estimates.
C. Cost variance report compares the actual costs of the project to the planned costs to determine whether the project is over or under budget. It does not provide information about the final capital expenditures, anticipated cost of new employee resources to support the solution, or maintenance estimates.
D. Total project cost is the sum of all costs associated with the project. While it provides information about the final capital expenditures, it does not address the other two pieces of information requested by the executive sponsor, namely the anticipated cost of new employee resources to support the solution and maintenance estimates.
Therefore, the project manager should provide a summary report that includes information about the final capital expenditures, anticipated cost of new employee resources to support the solution, and maintenance estimates.