Question: Condition For Deciding Between Top Down & Bottom Up Approach Top Down Approach Bottom Up Approach Strategic Decision Making X Cost and Time Important X
| Condition For Deciding Between Top Down & Bottom Up Approach | Top Down Approach | Bottom Up Approach |
| Strategic Decision Making | X | |
| Cost and Time Important | X | |
| High Uncertainty | X | |
| Internal Small Project | X | |
| Fixed Price Contract | X | |
| Customer Wants details | X | |
| Unstable Scope | X |
Mark with "X" are generally the preferred approach to managing a project"
Question
Country X is bidding for the next world cup and it needs to install a VAR system in order to pass the assessment conducted by the competition committee. The CEO has assigned you as the project manager to a team as he trusts your resourcefulness and tenacity will be important to this project, you are given less than three months to complete this project and he will approve any additional costs for the project if it is justified however he wish that the team will be prudent in their spending. Apart from passing the assessment the CEO wish that the VAR system could be developed further with more features due to its great benefits in sports.
You are also working with external engineers and contractors to install the VAR system, and there are some issues arising in the process
1. Engineer decided to adjust the location to set up VAR camera in the building after site inspection as the view was obstructed by the building structure which was not presented to him during the initial design
2. As a result of the revision the contractor requires more days to evaluate the VAR system and quoted extra cost.
Appraise any five (5) conditions relevant to VAR Project in deciding whether to use the Top-down or Bottom-up Estimates approach for the project cost. For each condition, relate it to the VAR Project, and determine the estimates approach Country X shall adopt. Finally, recommend the cost estimates approach Country X shall adopt for this project.
Use this Format to Answer
" For __________ (condition): *Top-down/Bottom-up Estimates approach is preferred because __________________ (reason). This *is/is not the case for VAR Project as _____________________ (justification). Hence, Country X shall adopt the *Top-down/Bottom-up Estimates approach under this condition. (Repeat the paragraphs for all five conditions)
Overall Country X is recommended to adopt the _________________ Estimates approach for the VAR Project
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
