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CAPM Practice: Demonstrate an understanding of a project management plan schedule
A project is running behind schedule with an SPI of 0.78. The sponsor asks for a recovery plan. The project manager evaluates crashing cost vs. fast tracking risk. Crashing would cost $80,000 but would bring the project back on track with certainty. Fast tracking would cost $0 but carries a 40% risk of requiring $120,000 in rework. What is the expected cost of fast tracking?
Key Concept
This question covers Demonstrate an understanding of a project management plan schedule under Demonstrate an understanding of a project management plan schedule (Predictive, Plan-Based Methodologies).
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