Explain why many IT professionals ignore project expenditure management and how it may affect project completion. Project budgeting: explain. Sunk cost: what is it? Provide examples of human and IT sunk costs. How come they're so hard to ignore?

Suppose you're a financial analyst at a company, and you are recommending whether the company should invest in Project A or Project B. Each of the two projects has been proposed by a lead engineer, but the company can only invest in creating one of them this year, and so your manager wants you to give her advice on which one to invest in. Your company's WACC is 9%. Project A Project 8 Year Cash Flow Year Cash Flow $3 ilio, ntialinvestment $2 milion proft $4 ilion pofit $A milion proft $2 milion proft $0, projet loseout $3 ilion, ntia ivestment $0 $0 $0 $0 $14 milion poit 1 1 2 2 3 3 4 4 5 5 Calculate the net present value (NPV) of and decide which one is better. S 유

Any project's success hinges on accurate cost assessment. Explain the various tools and approaches that are used in the cost estimate process.

Talk about your thoughts around the dangers of assuming during the business definition phase. What might need to take place to avoid high risk misconceptions about project scope and purpose