Question: Wora Constructions Pvt Ltd is a construction company that constructs both residential and commercial buildings. Most of their projects, in sheer numbers, are medium sized

Wora Constructions Pvt Ltd is a construction company that constructs both residential and commercial buildings. Most of their projects, in sheer numbers, are medium sized projects involving residential buildings in Male, Maldives. Most of these projects are very similar in nature and differ only in a few details. However, most of the revenue of the company is constituted by a few large projects, such as resort construction. Each resort project differs greatly from others as the environment, design and finishing for each resort project is unique. However, there are similarities as well, especially in the materials and equipment used. It also sometimes gets large housing projects by the government. Government projects generate significant revenue when they come by, but it is quite rare.

Wora uses a top-down analogous method to estimate the resource costs of the project. A) Discuss why the top-down approach might not be appropriate for the resort projects (5 marks) B) Discuss and evaluate the possible bottom-up methods that can be used by Wora for resort projects (15 marks)

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!