You are working as a Project Manager in a construction company. Due to the impact of COVID-19, inflation and the economic downturn, the cost of the project had increased significantly, including the material and worker cost. The company had requested you to study on the possibility of applying for Variation Order from the client. Determine and explain any possible effect to the company should you fail in getting the Variation Order. You can use scenario to enhance your explanation.

You are working as a Project Manager in a construction company. Due to the impact of COVID-19, inflation and the economic downturn, the cost of the project had increased significantly, including the material and worker cost. The company had requested you to study on the possibility of applying for Variation Order from the client. Determine and explain any possible effect to the company should you fail in getting the Variation Order. You can use scenario to enhance your explanation.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 37P

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