Why is it difficult to estimate mega project's cost and benefits. (Project Management)
Why is it difficult to estimate mega project's cost and benefits. (Project Management)
Homework Answers
Ans: First, the time horizon of 2-5 years to complete large, complex projects makes it difficult to accurately forecast costs and user needs. Second, the sheer complexity of these kinds of projects makes it difficult to accurately estimate all of the costs. Third, the severity of the risks involved is significant. When things go wrong, they go wrong is a big way. While such conditions would suggest a very conservative estimate, the opposite occurs. Either blind enthusiasm or calculated deception is used to promote an exaggerated case for the project.
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Why is it difficult to estimate mega project's cost and
benefits. (Project Management)
IT Project Management: Chapter 7 Project Cost Management: 1. If the cost estimate will be the...
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the cost if common equity financing is more difficult to estimate than the cost of debt and preffered equity why?
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Why use continuums? What makes up project cost management plan? Why determine and outline project objectives? Explain project cash flow statement What’s top down and bottom up estimating? Cost trade offs management?
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What is the role of the PMIS in project management? Discuss the applications and benefits of web-based project management. Discuss the uses of the PMIS throughout the phases of the project life cycle.
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Why is it so difficult to estimate the effect of Government spending on the economy and how have economists addressed the problems?
The cash flows associated with an investment project are an immediate cost of $1600 and benefits of $500 in one year, $1500 in two years, and $1700 in three years. The cost of capital (WACC) is 10%. What is the project's NPV? Your Answer:
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