Question: e) Your project will begin in 6 months. The project sponsor is finalizing the funding and has notified you that you will be the project

e) Your project will begin in 6 months. The
e) Your project will begin in 6 months. The
e) Your project will begin in 6 months. The project sponsor is finalizing the funding and has notified you that you will be the project manager for this project. Since the sponsor is finalizing the funding for the project which begins in 6 months they need an estimate that the project will not exceed by more than 10% This type of estimate is a f) Now that you have the project charter which shows that you have been formally assigned as the project manager to this project you sit down with the team and create a thorough WBS and WBS Dictionary with thorough work packages that estimate the cost of each task. In order to get the final estimate for this project to verify that enough funding has been set aside for the project you sum up the total cost of all of the work packages to get the cost. This type of an estimate method is a g) As construction begins on the project your team discovers that there is an underground stream running through the park that will require a bridge to be built over it and drainage added in particular areas. This bridge and drainage will add an estimated $150,000 to the cost of the park. This addition was completely unpredictable, since you could not have known about this issue until you broke ground on the project. The change request for this addition to the park was approved, as it is a requirement to complete the construction of the park. The money for this unexpected expense will come from h) One risk that was identified while you were planning this project was the potential for two extra poured concrete sections in the park for a hotdog vendor and a newspaper stand. These were risks that were identified in your planning stage, so these costs were known up front. The money for these changes that have come from risks that materialized will come from 22. Please identify in each scenario below what goes in the blank (the types of estimates are: Guessing, Budgetary Estimate, Rough Order of Magnitude Estimate, Definitive Estimate, Profit Margin Estimate) (the types of methods are: Sunk cost estimate, predecessor modeling, bottor up estimate, parametric modeling, analogous estimate) (the types of funding are: critical path reserves, management reserves, Gantt chart reserves, contingency reserves, none of these)

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