1 Why are accurate estimates critical to effective project management?
1 Why are accurate estimates critical to effective project management? What steps can project managers take to improve the accuracy of estimating projects? 2 What argument can you provide as to why a project’s scope must be tied to the WBS? What are the implications if scope is not adhered to closely? 3 What are the differences between bottom-up and top-down estimating approaches and under what conditions would you prefer one over the other? 4 How do you define quality in a project? Provide some examples of project reporting metrics a project manager could use to measure and communicate the status of quality during a project.
Consider the following situation: PowerCo, a medium-sized power company, generates and sells electricity throughout several states in the southeast United States. The company has been inConsider the following situation: PowerCo, a me...
You are trying to estimate the first year net operating cash flow (at year 1) for a proposed project. The financial staff has collected the following information on the project:You are trying to estimate the first year net o...
- NPV verses IRR. Consider the following two mutu...
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