Information Technology Project Management
9th Edition
ISBN: 9781337101356
Author: Kathy Schwalbe
Publisher: Cengage Learning
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Explain why complicated projects require skilled project
management.
Explain why many IT professionals may disregard project expense
management and how this may impact project completion. Explain the project
budgeting procedure. 2. What is sunk cost? Give instances of both standard
IT sunk costs and personal sunk costs. Why is it so hard to ignore them?
Describe the reasons why employing a qualified project manager is
necessary for complex jobs.
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.Similar questions
- According to the Project Management Institute (PMI), project managers must coordinate ________ areas of expertise. a. three b. five c. seven d. ninearrow_forwardExamine if the use of software to manage projects might help you better manage project costs.arrow_forward1. Discuss why many IT professionals may disregard project cost management and how this may impact their ability to finish projects on time and on budget. Explain what happens during the budgeting process for the project. 2. What exactly is a sunk cost? Give instances of typical sunk costs for an IT project, as well as personal ones. Why is it so tough to ignore them when they should?arrow_forward
- Explain the concept of "Requirement Volatility" and how it can impact project timelines and budgets. Provide strategies to manage it effectively.arrow_forwardJustify the need for a skilled project manager for challenging work.arrow_forwardHow does requirement analysis help in reducing project risks and costs?arrow_forward
- 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 life. Why is it difficult for people to ignore them when they should?arrow_forwardDetermine whether project management software can assist you in keeping a tighter grip on project expenditures.arrow_forwardDescribe the need for professional project management for complex projectsarrow_forward
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