Question

What can organizations do to ensure that estimates are good (ie: Project Management Projects)? What can...

What can organizations do to ensure that estimates are good (ie: Project Management Projects)? What can they do to prevent cost overruns?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
As a Project Manager, what can you do to predict and prevent cost overruns? If overruns...
As a Project Manager, what can you do to predict and prevent cost overruns? If overruns do occur, what could/should be done?
Explain briefly 1)the importance of project management. 2)How does project management enhance the quality of projects?...
Explain briefly 1)the importance of project management. 2)How does project management enhance the quality of projects? 3)How should organizations manage projects more effectively?
Who are the project sponsors, what do they need to do to ensure a successful project...
Who are the project sponsors, what do they need to do to ensure a successful project outcome and what does the project manager should do to manage them? Who is the project sponsor for your team project (can be assumed) and why?
Question 1 A) Why are accurate cost estimates critical to effective project management? how would you...
Question 1 A) Why are accurate cost estimates critical to effective project management? how would you go about estimating cost for a typical project? B) What are the elements of a comprehensive reporting system to help in the ongoing management and control of a project? C) A number of projects are put forward from different departments in your organization. what would your approach be,as a senior manager,in determining priorities for selecting and prioritizing projects?
subject,,,,,project management.. All projects have a level of uncertainty. The project manager should do whatever possible...
subject,,,,,project management.. All projects have a level of uncertainty. The project manager should do whatever possible to identify the risks that can affect the project. How can technology be a risk to the project? Is it positive or negative in nature?
1. Research the following, Project Management Institute (PMI), Association for Project Management (APM), and Projects in...
1. Research the following, Project Management Institute (PMI), Association for Project Management (APM), and Projects in Controlled Environments (PRINCE2), and answer the following questions. Remember to cite the references that you use to answer this question. a. What are these? b. How do they differ? c. What sorts of certifications do they provide and how can these certifications be useful to a professional?
Question 1 (a) Describe the fundamental characteristics of projects.         (20 marks) (b) Discuss why project management...
Question 1 (a) Describe the fundamental characteristics of projects.         (b) Discuss why project management is becoming more important in today's business environment.                                                               (40marks) (c) "Organisations need to ensure that they are doing the right projects right". Explain what is meant by this statement, with reference to relevant theory and examples.                                                                                            (40marks)
What are 5 things organizations are doing to ensure a certain level of security for their...
What are 5 things organizations are doing to ensure a certain level of security for their organization? How are they doing this? How are they auditing it to make sure the process is working? These examples can be from your personal history of employment, but please do not state the organization you work for.
Nike's management team is considering two projects, a golf club project and a helmet project. A....
Nike's management team is considering two projects, a golf club project and a helmet project. A. Using the table below, calculate firm’s weighted average cost of capital: Nike: % of debt in capital structure 25% % of equity in capital structure 75% Before-tax required cost of debt 6% Tax rate 30% Cost of equity 11% B. Capital Budgeting Project information: Golf club project Helmet project Upfront costs (10,000,000) (8,000,000) Annual cash flows Year 1 $0 $3,000,000 Year 2 $0 $3,000,000...
Discuss why good contract practice is important in the project management? Describe the contract strategy that...
Discuss why good contract practice is important in the project management? Describe the contract strategy that can be used to reduce some risk for the project management. Elaborate the legal and operational principles of contract that can be used for the project management