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Action should be taken as a project manager

See attached decision tree.

Assume the role as a PM. Which action should be taken as a project manager and why that was chosen and why not the others.

In order to avoid a federal penalty of $1 million, the administration must either retrofit or move into a compliant building within 24 months. The president thinks he can get the board of directors to approve $1.7 million for the project; however, that final amount must be approved by the board members who have said that the budget is tight this year. As a project manager, creating a decision tree is an effective way to analyze this problem. There are four potential choices Collegiate can choose. The first is to retrofit the existing building. The second is to purchase a newly constructed building that is compliant with the new federal requirements. The third choice is to purchase a new building currently under construction to meet the new legal requirements. And, the last choice is to delay the decision until the next budgetary cycle.

There is a 65% chance that the Board would prefer tabling this until the next budgetary cycle. However, with persuading there is a 55% chance they would agree to moving into an already ADA-compliant building. The likelihood of purchasing a building under construction is only 40% while their desire to retrofit their current building is only 25%.

Building ADA compliance
Retrofit existing building
Purchase newly constructed building that is ADA compliant
Purchase new building currently under construction to meet ADA compliance
Discuss in next budgetary cycle
$1.5 mil / 6-12 mos
$1.3 mil / 12-18 mos
$1 mil / 18-24 mos
$2.2 mil / 12-18 mos
$1.8 mil / 18-24 mos
$2.0 mil / 18-24 mos
$1.6 mil / 24-30 mos

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As a project manager, my role is to ensure that costs are controlled, as well as to ensure that operations continue, without major challenges. When challenges do occur, viable solutions should be presented to the board of directors, though I have an opportunity to not only present all options, but provide insights into which option may be most cost effective and will provide the most benefit to the organization in the long run.

As project manager, I have decided that the organization should purchase the ready to move in building within the 18-24 month time frame. ...

Solution Summary

The action that should be taken as a project manager is determined.

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