Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Question
Why estimating time and cost is critical.
What you find problematic about project time estimation.
What you find challenging about project cost estimation.
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- Identify and briefly define the three elements that are traditionally used to measure the ultimate success of a project.arrow_forwardDescribe the advantages of using probabilistic time estimates in project management ?arrow_forwardWhat are the requirements for the better project management? and What is the need of certification in the project software?arrow_forward
- What are positive risks in project management? Provide an examplearrow_forward8. You are in charge of organizing a dinner-dance concert for a local charity. You have reserved a hall that will seat 30 couples and have hired a band. Develop a scope statement for this project that contains examples of all the elements. Assume that the event will occur in 4 weeks and provide your best guess estimate of the dates and milestones.arrow_forwardWhy are accurate estimates critical to effective project management?arrow_forward
- What feature in project management information systems can be used to resolve overallocation of project resources?arrow_forwardExplain how earned value management (EVM) may control costs and monitor project success and hypothesize why it is not utilized more commonly. What are some guidelines for evaluating cost variation, schedule variance, cost performance index, and schedule performance index numbers?arrow_forwardWhat are the four P's of effective software project management?The Cost Benefit Analysis (CBA) economic evaluation assessment technique is used to calculate the total financial benefits and expenses of a programme. Explain?arrow_forward
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