How would you control the project budget? What techniques would you use?
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- Need ALL 4..... At what point in your project does the cost/budget curve peak? 2. What activities are driving the peak in project costs? 3. In your view, is the cost curve manageable, or would it be more practical to smooth out the cost curve? If so, what steps would you take to do this? 4. What are the implications of your cost curve for cash flow and project funding?Discuss why many IT professionals ignore project expenditure management and how this may affect project completion. Explain project budgeting. 2. What's sunk cost? List IT and personal sunk expenses. Why is ignoring them so hard?3. Describe benefits of including the people that will be involved in performing the projectwhen planning the project.
- Explain why many IT professionals ignore project expenditure management and how it may affect project completion. Project budgeting: explain. Sunk cost: what is it? Provide examples of human and IT sunk costs. How come they're so hard to ignore?Does WBS explain? How can you make a reasonable plan?using examples, distinguisg between: 1. Direct aand indirect project costs. 2. Recurring and nonrecurring project costs. 3. Fixed and Variable project costs. 4. Normal and expedited project costs.
- Project Cost. 1. Discuss project cost relative to project planning. 2. In which phase is the cost completed in the project life cycle? 3. Explain the Determine Budget process.How does 'Evaluating the project team, project team members, and the project manager.' help in closing a projectSuggest 2 potential actions that a quantitative analyst could undertake to ensure that the implementation stage of a project is successful. ( detailed explanation is required)
- determine.... What strategies can organizations use to manage project risks effectively within their project system management framework?Can you help me with these two discussions and how much. I added the four causes to discussion 1Discussion 1Choose any four âcausesâ of change within a project in table 9.1 in the text. Provide a project example and scenario, and describe the impact of each change. Was there a level of change control in the project examples that tracked ownership, documentation and approval of these changes?-Poor Communication-Difficulty Scoping-Poor Planning-Unforeseen ProblemsDiscussion 2The identification of all changes to a project is only the first step for ensuring a control system is in place. Describe the detailed steps you would implement for your project to ensure an entire change control process is in place. Consider the following topics in your answer: documentation, analysis, approval and implementation. Why is the baseline configuration important to this topic?Explain the factors that hinder the success of 5S 1.)Project sponsor is not decision maker 2.) Organizational policies 3.) Lack of experiencce in undertaking cross-functional activities 4.) Lack of top management support 5.) Implementation carried out through orders from the top 6.) Implementation done by task forces 7.) 5S treated as a project 8. )Emphasis on immediate results