medium · Project Management Professional Adaptive / Agile
At Solstice Labs, a project manager is closing a project and finds that the actual costs were consistently 30% higher than the analogous estimates used at initiation.
What is the most important 'Continuous Improvement' action?
- Submit a change request to the PMO to increase all future project contingencies by 30%.
- Inform the estimator who provided the original figures that they were 30% inaccurate.
- Update the organizational historical estimating OPA with the actual cost data and adjust the analogous 'complexity factors' for future projects.
- Document the 30% variance in the final report and explain that 'market conditions' were the cause, without revisiting the agreed prioritization criteria.
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