When making an estimate for the time and cost to execute a project, should the time and
Question:
When making an estimate for the time and cost to execute a project, should the time and cost required to develop the planning, monitoring, and controlling systems be included as well? Should the actions required to monitor and control a project be included in the project’s action plan or WBS?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
Yes the time and cost required to develop the planning moni...View the full answer
Answered By
MICHAEL KICHE
I was employed studypool for the first time in tutoring. I did well since most of my students and clients got the necessary information and knowledge requested for. I always submitted the answers in time and followed the correct formatting in answering eg MLA or APA format,
Again I worked with the writers bay where I did writing and got many clients whom we worked with so closely. They enjoyed every single service I delivered to them. My answers are always correct.
4.70+
13+ Reviews
53+ Question Solved
Related Book For
Project Management in Practice
ISBN: 978-0470533017
4th edition
Authors: Samuel J. Mantel Jr., Jack R. Meredith, Sco
Question Posted:
Students also viewed these Management Leadership questions
-
In Example 19.1, we stated an estimate for the number of tungsten atoms in the fi lament of a lightbulb. Carry out a calculation of this number and compare your result with our estimate.
-
Give an order-of-magnitude estimate for the time in seconds of the following: (a) A year; (b) A baseball game; (c) A heartbeat; (d) The age of the Earth; (e) The age of a person.
-
Refer to Exercise 12.30. a. Provide an estimate for the mean systolic blood pressure for an infant of age 8 days weighing 5 kg. b. Provide a 95% confidence interval for the mean systolic blood...
-
Given an \(n\)-by- \(n\) subarray of black (1) and white (0) pixels, design a linear-time algorithm that finds the largest square subarray that contains no white pixels. In the following example, the...
-
Assume the auditors of Con-way knew about the accounting for FCPA payments in the books and records of the company. Do you think the auditors would be guilty of: (1) ordinary negligence; (2) gross...
-
An administrator has discovered that a web server is responding slowly. Investigation shows that the processor, memory, and network resources are being consumed by outside attackers. This is a...
-
Which of the following is a true statement about the comparison of Euclidean distance versus Manhattan distance? a. Manhattan distance is distorted less by outlier observations. b. Euclidean distance...
-
The Gap Inc. operates over 3,000 specialty retail stores under such brand names as GAP, Old Navy, and banana republic. The following asset and liability data (in millions) were adapted from recent...
-
Consider ways in which an employer can make an employee feel like part of the team and/or empower them to act. More specifically, please respond to the following questions: How can an employer work...
-
After conducting an internal audit, a firm discovers a total of 100 strengths and 100 weaknesses. What procedures then could be used to determine the most important of these? Why is it important to...
-
Using earned value analysis, explain how the total cost of a partially completed project can be estimated.
-
The chapter included an example of a firm where the PM dispensed with all the planning formality because no one ever looked at it anyway. What did the PM think the purpose of such planning was in...
-
In Figure 8.3, why is the revenue curve a straight line in panel a? What is the slope of the revenue curve? What is the slope of the profit curve at the q where profit is maximized? What can you say...
-
If a system is represented by the differential equation ; \[ \frac{d^{2} y}{d t^{2}}+\frac{6 d y}{d t}+9 y=0 \] then the solution \(\mathrm{y}\) will be of the form: (a) \(k_{1} e^{-t}+k_{2} e^{-9...
-
A measurement of the diameter of a disk has an uncertainty of \(1.5 \mathrm{~mm}\). How many measurements must be made so that the diameter can be estimated with an uncertainty of only \(0.5...
-
Write up the following transactions in the books of P. Hewitt: 2013 March 1 Started in business with cash 16,000. 2 Bought goods on credit from W. Young 420. 3 Paid rent by cash 870. 4 5 Paid 12,500...
-
Evaluate each expression in Problems 3-32. \({ }_{52} P\) 52
-
A shipment of 100 TV sets is received. Six sets are to be chosen at random and tested for defects. In how many ways can six sets be chosen?
-
Martha Beyerlein Company incurred $150,000 of research and development costs in its laboratory to develop a patent granted on January 2, 2014. On July 31, 2014, Beyerlein paid $35,000 for legal fees...
-
Estimate a range for the optimal objective value for the following LPs: (a) Minimize z = 5x1 + 2x2 Subject to X1 - x2 3 2x1 + 3x2 5 X1, x2 0 (b) Maximize z = x1 + 5x2 + 3x3 Subject to X1 + 2x2 +...
-
Which model of decision making do you think is most common? Is a given manager most likely to follow one of the models almost exclusively, or will the same manager go back and forth between models?...
-
Why is it better to rely on several sources of information than just a few?
-
What could be some advantages and disadvantages of the following sources of information: (a) Charts, (b) Written reports, and (c) Firsthand observation?
-
Why is it important to use outside auditors rather than inside auditors who would be more familiar with the company and the project?
-
The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: Income statement information Net sales Net income Balance sheet information Current assets Property,...
-
A bond with face value of $1,000 has annual coupons, promised coupon rate of 8%, and 5 years to maturity. Investors require an expected return of 5% from this bond. The probability of default is 2%...
-
How does the increasing influence of technology on governance and civic participation affect democratic processes, and what safeguards are necessary to ensure that technology enhances rather than...
Study smarter with the SolutionInn App