Question: Scope Statement provides a common understanding of the project among stakeholders. It specifies what should be the goals and objectives of the project and what

Scope Statement provides a common understanding of the project among stakeholders. It specifies what should be the goals and objectives of the project and what needs to be accomplished for the project. With reference to the above statement, explain the process of scope planning.

3. Explain how Cost Benefit Analysis assist on assessing the performance of a project.

4. Describe how the following elements can influence the viability of the project.

4.1 Lifecycle costing.

4.2 Insurance.

4.3 Taxation.

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Scope planning involves identifying the goals objectives tasks resources budget and timeline of the project The foundation for scope planning is a detailed project scope statement derived from the pre... View full answer

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