Question

Why is reviewing, analyzing, and approving change requests in a timely manner essential?

A A slow response may cause a window of opportunity to be missed
B A slow decision may negatively affect time, cost, or feasibility of a change
C A slow response may indicate a lack of sense of urgency to the requestor
D A slow decision may indicate a lack of willingness by the team to address the change

Answer 1

Timely management of change requests is critical to avoid missing opportunities, ensure projects remain feasible, and to convey a sense of urgency, therefore enabling successful project outcomes.

Step-by-step explanation:

Reviewing, analyzing, and approving change requests in a timely manner is essential for several reasons. A slow response can lead to missed opportunities, as clear timelines are often set for planning and implementation processes. Delays may also negatively impact the time, cost, or feasibility of making changes, especially when they are made to accommodate urgent needs or to capitalize on fleeting opportunities. Additionally, a slow response or decision may be perceived by those requesting the change as a lack of urgency or willingness from the team to address the necessary adjustments.

For example, if an engineering team working on a video game controller doesn't respond quickly to change requests, they might miss critical holiday sales periods where most revenue is generated. Therefore, it's vital to balance the transaction costs and conformity costs to ensure the changes are effective and align with everyone's values. Ultimately, timely decision-making supports maintaining the proper pace and rhythm in any project, ensuring that team members are engaged, opportunities are captured, and the project outcomes are successful.