In the project initiation phase, the sponsor asked the project manager to provide an approximate cost estimate
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Question:
In the project initiation phase, the sponsor asked the project manager to provide an approximate cost estimate for the project by the end of the day. What should the project manager do in this situation?
Create the product backlog items, estimate how many iterations are required to complete the items, then sum up the cost estimate of each iteration
Provide an estimate based on similar past projects
Create the WBS and sum up the cost estimate of each work package
Create the cost management plan
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
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