Question 411 · 1401 in bank
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 (ROI) and would like the project manager's opinion. What should the project manager do?
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Answer: B
Explanation
C. Recommend conducting an initial high-level feasibility assessment to estimate the cost and benefits. Before diving deeper or committing to a detailed analysis, conducting an initial high-level feasibility assessment allows for a quick evaluation of whether the project is likely to deliver value. This will give the project sponsor and stakeholders a preliminary idea of whether it's worth pursuing the effort further, particularly in terms of potential costs and benefits. Option B: Conducting a detailed cost-benefit analysis could be useful but is a more time-consuming step that should be considered after an initial high-level assessment suggests the project has potential.
Source: Adapted from community discussion — Ngho