1. Discuss why many IT professionals may overlook project cost management and how this might affect the ability to complete projects within budget. Explain what happens during the process to determine project budget. 2. What is meant by a sunk cost? Give examples of typical sunk costs for an IT project as well as examples from your personal lífe. Why is it difficult for people to ignore them when they should?

1. Discuss why many IT professionals may overlook project cost management and how this might affect the ability to complete projects within budget. Explain what happens during the process to determine project budget. 2. What is meant by a sunk cost? Give examples of typical sunk costs for an IT project as well as examples from your personal lífe. Why is it difficult for people to ignore them when they should?

Information Technology Project Management

9th Edition

ISBN:9781337101356

Author:Kathy Schwalbe

Publisher:Kathy Schwalbe

Chapter7: Project Cost Management

Section: Chapter Questions

Problem 3DQ

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