Question: 1. Why is it important to clearly define project scope in Traditional project management? points) 2. Base on the class lecture on cost explain the

1. Why is it important to clearly define project scope in Traditional project management? points) 2. Base on the class lecture on cost explain the following (40 points) a. Tangible Cost b. Direct Cost c. Indirect Cost d. Sunk Cost 3. Briefly Explain the following EVM (Earned Value Management) techniques. a. BCWS (PV), ACWP (AC) and BCWP (EV). Why should a project manager understand EVM. (20 points)

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