You are the project manager for your organization to install new workstations, servers, and cabling throughout a new building, where your company will be moving into.
The vendor for the project informs you that the cost of the cabling has increased due to some reason.
This new cost will cause the cost of your project to increase by nearly eight percent.
What change control system should the costs be entered into for review?
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A. B. C. D.A.
Because this change deals with the change of the deliverable, it should pass through the cost change control system.
The cost change control system reviews the reason why the change has happened, what the cost affects, and how the project should respond.
Incorrect Answers: B: This is not a contract change.
According to the evidence that a contract exists or that the cost of the materials is outside of the terms of a contract if one existed.
Considered a time and materials contract, where a change of this nature could be acceptable according to the terms of the contract.
If the vendor wanted to change the terms of the contract then it would be appropriate to enter the change into the contract change control system.
C: The scope of the project will not change due to the cost of the materials.
D: There are four change control systems that should always be entertained for change: schedule, cost, scope, and contract.
The correct answer is A. Cost change control system.
In any project, cost is one of the major factors to consider. If the cost of a project increases, it can affect the project budget, timeline, and resources. Hence, it is essential to manage any cost changes in the project.
In this scenario, the vendor has informed the project manager that the cost of the cabling has increased, which will result in an eight percent increase in the project cost. This means that the project budget has been impacted, and the project manager needs to take appropriate action to manage this cost change.
The cost change should be entered into the cost change control system for review. This system is responsible for documenting, tracking, and reviewing any changes in project costs. It includes processes for evaluating the impact of cost changes, approving or rejecting them, and updating the project budget.
The cost change control system should be used to manage any changes to project costs, including cost increases or decreases, and to ensure that they are reviewed and approved by the appropriate stakeholders. This system helps to maintain the project budget, ensures that the project remains within the budget constraints, and helps to avoid any cost overruns.
In summary, the cost change control system is the appropriate system for managing any cost changes in a project. It helps to ensure that any cost changes are reviewed and approved, and that the project budget remains within the budget constraints.