The best foundation for a successful project starts with a comprehensive estimate. With reference to this: 1. Explain why cost estimation is an important component of project planning and discuss how it links with the work breakdown structure and the project schedule… 2. Discuss the techniques that can be applied to obtain relevant and accurate cost estimates.

The best foundation for a successful project starts with a comprehensive estimate. With reference to this: 1. Explain why cost estimation is an important component of project planning and discuss how it links with the work breakdown structure and the project schedule… 2. Discuss the techniques that can be applied to obtain relevant and accurate cost estimates.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 17Q: Describe the concept of a cost center and, using a specific organization, give an example of how...

See similar textbooks

Similar questions

discusses the acronym TELOS which provides guidance for accessing project feasibility. The term stands for technical, economic, legal, operational and schedules feasibility. Discuss these feasibilities briefly. And elaborate cost-benefit analysis under economic feasibility. b) Accountants should be involved in the detailed design and implementation of the system development life cycle. Comment on the statement.
a. Acronym TELOS: which provides guidance for accessing project feasibility. The term stands for technical, economic, legal, operational and schedules feasibility. Discuss these feasibilities briefly. And elaborate cost-benefit analysis under economic feasibility. b) Accountants should be involved in the detailed design and implementation of the systemdevelopment life cycle. Comment on the statement
Discuss how the project manager can evaluate the framework of the project and the project management techniques in order to make sure it is practical and good for the project. What are the characteristics while evaluating it?
Identify and explain the various types of project cost estimates.
The acronym TELOS provides guidance for accessing project feasibility. The term stands for technical, economic, legal, operational and schedules feasibility. Required: Discuss these feasibilities briefly. And elaborate cost-benefit analysis under economic feasibility.
What are the technique of project appraisal
Describe the many different factors that need to be taken into account when deciding how to fund a certain project.It is vital to investigate the usage of project management software in order to bring the total cost of the project down to a more manageable level.
Explain the decision rules of NPV, IRR, and BCR. Which one you think is important for project evaluation (explain with examples)?
explain the importance of developing a baselinebudget for a project.
As project manager, give your opinion regarding decision of projects using NPV, PI, IRR and payback period.
What are the four P's of effective software project management?The Cost Benefit Analysis (CBA) economic evaluation assessment technique is used to calculate the total financial benefits and expenses of a programme. Explain?
charts break down large projects into steps and specify the time required to perform each one. They not only show the necessary sequence of activities but identify the critical path for meeting project goals. A) GANTT B) PERT C) JIT D) MRP GANTT PERT JIT MRP