Question: Using the Project Charter Document, discuss how problems could creep into the project PROBLEMS WITH COST ESTIMATION use hours x rate to get ballpark

Using the Project Charter Document, discuss how problems could creep into the project

PROBLEMS WITH COST ESTIMATION "use hours x rate to get ballpark numbers"

1. Unexpected Technical Difficulties

2. External Factors

3. Lack of Definition

4. Low Initial Estimates

5. Specification Changes

Make sure you have an example of each on of the 5 problems listed here.

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:

PROJ6000: Principles of Project Management Assessment 3 - Project Charter Report. Length 2,000 words (+/- 10%) Task Summary After reading the project case study, use it to develop a 2,000-word...

Q:

PROJ6000: Principles of Project Management Assessment 3 - Project Charter Report. Length 2,000 words (+/- 10%) Task Summary After reading the project case study, use it to develop a 2,000-word...

Q:

Project Mis-management in the Cynapse Corporation Project Risk BACKGROUND Cynapse Inc. is bio-technology company that develops drugs based on proteins and peptides. Many of their team's work...

Q:

PROBLEMS WITH COST ESTIMATION ( you can use hours x rate to get ballpark numbers) 1. Low Initial Estimates 2. Unexpected Technical Difficulties 3. Lack of Definition 4. Specification Changes 5....

Q:

PROBLEMS WITH COST ESTIMATION ( you can use hours x rate to get ballpark numbers) list contigencies 1. Low Initial Estimates 2. Unexpected Technical Difficulties 3. Lack of Definition 4....

Q:

PROBLEMS WITH COST ESTIMATION ( you can use hours x rate to get ballpark numbers) list contigencies 1. Low Initial Estimates 2. Unexpected Technical Difficulties 3. Lack of Definition 4....

Q:

pLEASE po pa help! Reflection po about dto sa mga Framework for Project Management 4. Framework for Project Management Many different professions contribute to the theory and practice of project...

Q:

Confirming Pages C H A P T E R 19 Analyzing Information and Writing Reports Chapter Outline Using Your Time Efficiently Analyzing Data and Information for Reports Identifying the Source of the Data...

Q:

IT 625 Final Project Guidelines and Rubric Overview Note: In order to successfully complete this project, you will need to carefully review the Final Project Guidelines and Rubric document and the...

Q:

From above case, answer following things, I hope it would be well explained and briely explained.... Questions:- outline in detail different facets of agile project management, identify the...

Q:

X Company is considering the purchase of a new machine. The machine would reduce the amount of part-time labor, at a cost savings of $18,120 per year. In addition, the machine would enable the...

Q:

A home pregnancy test claims to be 97 percent accurate when consumers obtain a positive result. To what extent are the variables of actual clinical condition and test readings related? a. Compute...

Q:

Sarah s grandmother has decided to gift Gabe and Sarah $ 1 5 0 , 0 0 0 . Which of the following strategies can the Cantrells fund with this gift? I. Fully prefund each child s college education...

Q:

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...