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PMP - Safety Management - Safety Planning
Beginner
1/5
While managing a pharmaceutical project, your team proposes altering the production process to a more efficient method that could reduce time and costs but requires significant upfront investment. As a project manager applying value engineering, how should you approach this proposal?
a.
Evaluate the upfront investment as too high and decline the proposal to maintain the current budget.
b.
Proceed with implementing the new method based on the team's suggestion to achieve cost savings quickly.
c.
Delay the analysis of the new method until further data is available from other sources.
d.
Conduct a cost-benefit analysis to assess the long-term value and feasibility of the new method.
Beginner