Describe the “hierarchical planning process” and explain why it is helpful.
Answer to relevant QuestionsContrast the Project Plan, the Project Charter, and the WBS.Do long project durations in other industries also lead to conflicts and project problems?What other approaches might Facebook have used to handle the risks? What are the advantages of top-down budgeting? Of bottom-up budgeting? What is the most important task for top management to do in bottom-up budgeting?What steps can be taken to make controlling costs easier? Can these steps also be used to control other project parameters, such as scope?
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