You work as a project manager for BlueWell Inc.
Your project is using a new material to construct a large warehouse in your city.
This new material is cheaper than traditional building materials, but it takes some time to learn how to use the material properly.
You have communicated to the project stakeholders that you will be able to save costs by using the new material, but you will need a few extra weeks to complete training to use the materials.
This risk response of learning how to use the new materials can also be known as what term?
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A. B. C. D.C.
When the project team needs training to be able to complete the project work it is a cost of conformance to quality.
The cost of conformance to quality defines the cost of training, proper resources, and the costs the project must spend in order to ascertain the expected levels of quality the customer expects from the project.
It is the capital used up throughout the project to avoid failures.
It consists of two types of costs: -> Prevention costs: It is measured to build a quality product.
It includes costs in training, document processing, equipment, and time to do it right.
-> Appraisal costs: It is measured to assess the quality.
It includes testing, destructive testing loss, and inspections.
Incorrect Answers: A: Benchmarking compares any two items, such as materials, vendors, or resources.
B: Cost-benefit analysis is the study of the benefits in relation to the costs to receive the benefits of a decision, a project, or other investment.
D: Team development describes activities the project manager uses to create a more cohesive and responsive project team.
The risk response of learning how to use a new material properly can be referred to as "Team Development." Team development is a type of risk response where the team members acquire new skills, training, or knowledge to manage project risks effectively. In this case, the team needs to learn how to use the new material properly to avoid any issues that may arise due to improper usage of the material.
Team development is a proactive risk response that can help organizations to manage project risks more effectively. By investing in the team's skills, organizations can improve the team's ability to handle risks that may arise during the project. The team can be trained to identify potential risks, assess their likelihood and impact, and develop appropriate risk response strategies.
Benchmarking is a process of comparing the project performance against other similar projects or industry standards to identify best practices that can be adopted in the project. Cost-benefits analysis is a process of evaluating the potential costs and benefits of a particular project, program, or investment. Cost of conformance to quality is the cost incurred to ensure that the project meets the required quality standards.
In summary, the risk response of learning how to use a new material properly can be referred to as team development. It involves investing in the team's skills, training, and knowledge to manage project risks more effectively.