Question: Qu.1 Why it is difficult to estimate mega project (e.g. airports, stadium, etc.) costs and benefits. (Points 25) Qu.2 What are the differences between bottom-up

Qu.1 Why it is difficult to estimate mega project (e.g. airports, stadium, etc.) costs and benefits. (Points 25) Qu.2 What are the differences between bottom-up and top-down estimating approaches? Under what conditions would you prefer one over the other? (Points 35) Qu.3 Suppose estimated total cost of project "start new hotel" is $6000000. Design 4 levels WBS for this project and allocate the costs for each deliverables? What are weaknesses are inherent in this estimating approach. (Points 40)

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!

Qu.1 Why it is difficult to estimate mega project (e.g. airports, stadium, etc.) costs and benefits. (Points 25) Qu.2 What are the differences between bottom-up and top-down estimating approaches?...

Qu.1 Why it is difficult to estimate mega project (e.g. airports, stadium, etc.) costs and benefits. (Points 25)

Prepare and submit a paper on ONE of the following listed questions in regards to your cybersecurity tool. The paper must be a minimum of 150 words in length with appropriate cover page and...

1. Why are accurate estimates critical to effective project management? 2. How does the culture of an organization influence the quality of estimates? 3. What are the differences between bottom-up...

Why are accurate estimates critical to effective project management? How does the culture of an organization influence the quality of estimates? What are the differences between bottom - up and top -...

Question 1 Cost, time, and budget estimates are the lifeline for control; they serve as the standard for comparison of the actual and the planned throughout the life of the project. True False 2...

U.S. Army Cost Benefit Analysis Guide 12 JANUARY 2010 Prepared by Office of the Deputy Assistant Secretary of the Army (Cost and Economics) Version 1.0 U.S. Army Cost Benefit Analysis Guide - V 1.0 2...

1 (1 point) b The majority of firms utilizing project management may typically experience any of c Constructing a building or facility the following except: Providing technical support Better control...

Case Studies: For each, you will submit your electronic document (.doc, .docx, or PDF) via Blackboard before class begins on the assigned date. Your case study will be not less than six pages in...

Accounting technologies and sustainability assessment models Jan Bebbingtona, Judy Brownb, Bob Framec, aCentre for Social and Environmental Accounting Research, University of St Andrews, St Andrews...

For each B+-tree as shown below show the form of the tree after each of the following series of operations: a. Insert 9. b. Insert 10. c. Insert 8. d. Delete 23. e. Delete 19. Construct a B+-tree for...

Question QUESTION 9 A soft drink can has a volume of 340 cm, a height of h cm and a radius of r cm. 9.1 9.2 9.3 h Express h in terms of r. Show that the surface area of the can is given by...

What type of insurance policy offers more coverage to the standard fire insurance policy?

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...