GROUP Assignment -7.5% Part 1 Review the slides and determine for each scenario below which cost estimating technique you would use 0.5 mark for answering AB A. the business case has been approved and you just heard the project has been approved for a SAP upgrade project. You have done similar SAP upgrade projects before. The project was just approved and the executives want a cost estimate by end of day, which cost estimating technique would you use? B. the sales team just called you and they were verbally told your company will win the project. This project will be worth $20 million and your company will have to commit to a contract. Estimates have to be very accurate so your sales team can calculate profit margins. Which cost estimating technique would you use? GROUP Assignment - 7.5% Part 2 For the network diagram in class Do the forward pass and backward pass calculation and answer the following questions What is the duration of the project? 0.5 mark What is the float of activity B? I mark What is the critical path? For example A-C-D-G-1 mark In 3-5 sentences, use this network diagram to explain what critical path is 2 marks and how project managers use critical path in managing projects? 2 mark GROUP Assignment -7.5% Part 1 Review the slides and determine for each scenario below which cost estimating technique you would use 0.5 mark for answering AB A. the business case has been approved and you just heard the project has been approved for a SAP upgrade project. You have done similar SAP upgrade projects before. The project was just approved and the executives want a cost estimate by end of day, which cost estimating technique would you use? B. the sales team just called you and they were verbally told your company will win the project. This project will be worth $20 million and your company will have to commit to a contract. Estimates have to be very accurate so your sales team can calculate profit margins. Which cost estimating technique would you use? GROUP Assignment - 7.5% Part 2 For the network diagram in class Do the forward pass and backward pass calculation and answer the following questions What is the duration of the project? 0.5 mark What is the float of activity B? I mark What is the critical path? For example A-C-D-G-1 mark In 3-5 sentences, use this network diagram to explain what critical path is 2 marks and how project managers use critical path in managing projects? 2 mark