Practice Quiz

PMI PMP Project Management

Category - Integration Management

Start a Study Session Sign up for Question of the Day
Lori is growing concerned over the number of vendors involved in her project, and her ability to effectively track all the related costs. However, all of the vendors are necessary due to the specific nature of the work. What of the following is the best strategy that Lori could utilize to manage this situation?
  1. She could employ preventive measures immediately.
  2. She could turn to constrained optimization methods.
  3. She could look at vendor specific benefit measurement methods.
  4. She could create a management plan specifically geared to managing and monitoring vendor activity.
  5. She could seek to immediately reduce the number of vendors.
Explanation
Answer: D - Creating a management plan specifically focused on the vendor issue, would be the best strategy that Lori could employ.

Preventative measures relate to taking action in a project to prevent problems that may detract from performance relative to the project’s baseline.

Constrained optimization methods are mathematical approaches used to select projects, and benefit measurement is a comparative approach used to select projects. If you read the question carefully, you’ll see why E isn’t right. The question states all of the vendors are required, so you can’t get rid of any of them.

Key Takeaway: Management plans can be highly-effective tools for dealing with problems areas in a large-scale project.
Previous Next
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz