According to the PMBOK® Guide, particularly the section regarding Project Life Cycle and Organization, there is a standard relationship between project time, stakeholder influence, and cost.
Stakeholder Influence: At the start of a project, stakeholders have the highest ability to influence the final characteristics of the project’s product and the resulting cost without significantly impacting the schedule. As the project continues and work is completed, this influence decreases because the scope becomes more " locked-in " and the remaining work decreases.
Cost of Changes: Conversely, the cost of making changes and correcting errors typically increases substantially as the project approaches completion. This is because a change late in the life cycle often requires scrapping work already completed, re-ordering materials, or redesigning integrated components.
Comparison of the options:
Choice A is incorrect because stakeholder influence typically peaks at the start, not the end.
Choice B is the correct description of the inverse relationship: as time moves forward, influence drops and the price of modifications rises.
Choice C is incorrect as both statements are the opposite of the standard project life cycle curve.
Choice D is incorrect because while influence does decrease, the cost of changes never decreases over time; it becomes more expensive to pivot the further you are into execution.
Contribute your Thoughts:
Chosen Answer:
This is a voting comment (?). You can switch to a simple comment. It is better to Upvote an existing comment if you don't have anything to add.
Submit