Question: project Management by Jeffrey Pinto chapter 8 Cost Estimation and Budgeting 8.1 Describe an environment in which it would be common to bid for contracts

project Management by Jeffrey Pinto

chapter 8 Cost Estimation and Budgeting

8.1 Describe an environment in which it would be common to bid for contracts with low profit margins. What does this environment suggest about the competition levels?

8.2 How has the global economy affected the importance of cost estimation and cost control for many project organizations?

8.3 Why is cost estimation such an important component of project planning? Discuss how it links together with the Work Breakdown Structure and the project schedule.

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