Resource Prioritization

Correct Answer: Evaluate the critical path and strategic importance of each project within the program to make an informed decision on resource reallocation, ensuring minimal disruption to the overall program goals.

The correct approach focuses on understanding the strategic importance and immediate needs of the projects within the program. By evaluating the critical path and strategic importance, resources can be allocated efficiently, ensuring the program's overarching goals are met with minimal disruption. Option 1 neglects the urgency of project deliverables, which can lead to significant delays. Option 2, while resourceful, does not address the immediate need for reallocation of existing resources. Option 3, although thorough, may not be practical due to the time-sensitive nature of resolving critical issues in high-priority projects.

Correct Answer: Negotiate with stakeholders and functional managers to secure the required resources.

The best course of action when a project requires specialized resources that are limited in availability is to negotiate with stakeholders and functional managers to secure the required resources. This is because such resources are important for the success of the project and not having them could risk the project's outcome. Proceeding without the specialized resources, on the other hand, would likely lead to project failure because these resources are essential. Overcommitting the required resources would create unnecessary strain and could lead to resource exhaustion or even project failures due to overcapacity. Lastly, outsourcing the entire project to a vendor is not the best idea as this may lead to a loss of control over the project and could risk the quality of the project's outcome.

Correct Answer: Discuss the issue with the other team lead and come up with a schedule that ensures the resource is able to adequately support both tasks

In project management, resource allocation and ensuring tasks are done on time is a key responsibility. The best solution would be to 'Discuss the issue with the other team lead and come up with a schedule that ensures the resource is able to adequately support both tasks'. This solution addresses the problem directly and aims to find a win-win solution for both tasks and team leads. The other options are likely to create more problems. 'Letting the team member decide where they want to work' does not necessarily resolve the conflict and may leave one of the tasks still falling behind. 'Pulling the resource from Task B and assigning them permanently to Task A' might solve the issue for Task A, but now Task B may fall behind instead. 'Firing the team lead who is pulling the resource' is a severe and unconstructive reaction to a problem that can be solved with better communication and planning.