As explained in the chapter, there are many potential issues with developing accurate estimates for a project If fact, a PMI reports that over 50 of projects fail to meet cost, time performance and or scope This is a huge problem What factors contribute to the notion that the project budget estimating process is like a game What can be done by an organization, PM, and project team to keep this process from becoming a game Why is it ethically necessary to be honest in cost estimating discussions between superior and subordinate

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Question: As explained in the chapter, there are many potential issues with developing accurate estimates for a project. If fact, a PMI reports that over 50%

As explained in the chapter, there are many potential issues with developing accurate estimates for a project. If fact, a PMI reports that over 50% of projects fail to meet cost, time performance and/or scope. This is a huge problem.

What factors contribute to the notion that the project budget estimating process is like a game?
What can be done by an organization, PM, and project team to keep this process from becoming a game?
Why is it "ethically necessary to be honest" in cost estimating discussions between superior and subordinate?

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