As project estimation error can be substantial during project initiation, how can you as the project manager assure the sponsor that you can deliver the project on budget?
Answer to relevant QuestionsDescribe 3 techniques for estimating an IT project’s cost. Which one(s) would you recommend and why?You are an IT project manager and your project has met the mandatory functionality and quality, but has run over budget and over time. At a social event, a company director asks you whether your project was successful. ...Explain the following aspects of a risk, use an example for each:SourceB. Event C. Consequence D. Probability Summarise the development of formal management theory, using Taylor and Fayol as a starting point.A company produces two productsA: 1600 sold per week at ₤9 each, direct unit cost is ₤2.50.B: 7000 sold per week at ₤5 each, direct unit cost is ₤4.20.Company overheads = ₤9000 per weekShow the profitability of ...
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