IAI Actuarial Core Principles · Business Management · Skills and knowledge for working as an actuary in financial services

Meera leads a four-person project team at a Chennai reinsurer with a fixed regulatory submission date in ten days. Two members are ahead of schedule, one is falling behind because of unclear instructions, and one is working on low-priority tasks. Which combination of actions best reflects good teamwork and time management?

Meera should clarify the lagging member's instructions, redirect the person on low-priority work to critical tasks, use spare capacity from those ahead to support at-risk items, and hold short regular reviews. This tackles the cause of delay and aligns effort to priorities before the deadline.

1. AWait until the deadline nears and then reassign all work to the fastest member
2. BTell the lagging member to work overtime without clarifying the task, and leave the other members unchanged
3. CReduce the scope of the submission without informing the regulator or the team
4. DClarify the lagging member's instructions, redirect the low-priority worker to critical tasks, use spare capacity to support the work at risk, and review progress at short intervalsCorrect
5. Hold a single long meeting at the start and avoid further check-ins to save time