Question: It is easy to use, since all projects use the same assumptions. It provides the client with a better understanding of how the project will

It is easy to use, since all projects use the same assumptions.
It provides the client with a better understanding of how the project will be completed.
It makes it nearly impossible for projects to be completed late.
It forces the project manager to realistically evaluate critical tasks duration.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

High Country Ski Shop is a retail store that sells ski equipment and clothing. High Country Ski Shop commenced business on September 1, 2021. The firm purchases merchandise on open account. The firms...

Q:

1. Which of the following can be considered a project? The operation of an automobile production line that produces 400 autos every day. An outpatient clinic that processes over one hundred blood...

Q:

Instructions: Write in your own words Develop a business case for an IT project . CASE STUDY 1: JWD CONSULTING'S PROJECT MANAGEMENT INTRANET SITE PROJECT (PREDICTIVE APPROACH) The following...

Q:

Chesapeake IT Consultants Chesapeake IT Consultants (CIC) is a successful Information Technology consulting services firm that utilizes proven IT and management methodologies to achieve measurable...

Q:

Under development at MIT, photonic crystals allow solar panels to be twice as efficient by absorbing and converting the sun's Multiple Choice brightness. light. shadows. sound. Pulsed laser...

Q:

16.) What is a misunderstanding that can be clarified by aflowchart? A.apparent inaction on the part of the project team B.lack of payment from the client C.late delivery of supplies D.increased...

Q:

OPERATIONS MANAGEMENT ASSIGNMENT 6 1 Human resources, project management and operations management are all equally vital to a business's success. Each of these focuses on different areas of the...

Q:

Please help with the discussion below: ** Each of the 3 questions below only need to beabout two-threepara graphs but packed full of information, no fluff. **Attached below are a few readings from...

Q:

CHA P TER 9 Understanding Software: A Primer for Managers 1. INTRODUCTION L E A R N I N G O B J E C T I V E S 1. Recognize the importance of software and its implications for the rm and strategic...

Q:

Scandinavian Journal of Information Systems Volume 23 Issue 2 IT Project Management: Studying agility, globalization, organizational mindfulness and outsourced projects Article 4 12-31-2011...

Q:

JPMA-01726; No of Pages 12 Available online at www.sciencedirect.com ScienceDirect International Journal of Project Management xx (2015) xxx - xxx www.elsevier.com/locate/ijproman Does Agile work? A...

Q:

You deposit $300 in a bank account that earns 4% compound interest annually. What is the value of your $300 in 10 years? What is the present value of a $10,000 payment you will receive in one year,...

Q:

Classify each of the following key performance indicators according to the balanced score card perspective it addresses. Choose from financial perspective, customer perspective, internal business...

Q:

weighted average number of shares outstanding by: Multiple Choicezero shares . 2 million shares 8 milion shares . 1 0 milion shares.

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...