Project manager told his boss in a meeting that Cost estimates and budgets are ideally based upon
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Question:
Project manager told his boss in a meeting that "Cost estimates and budgets are ideally based upon elements of the WBS and are prepared at the work package level. But when the cost cannot be estimated because of uncertainties about the work, the estimates based upon judgment should be used as final figures".
What is wrong with his statement?
Related Book For
Project Management A Systems Approach to Planning Scheduling and Controlling
ISBN: 978-0470278703
10th Edition
Authors: Harold Kerzner
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