Differentiating cost account budget and time phased budget

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Reference no: EM1339611

1. What are the three project team structures? What are some of the elements that differentiate the team structures from one another? How is the project team structure related to the project manager's authority level?

2. What do each of the letters in the SMART acronym stand for? In your own words, describe what each piece of the SMART acronym means? Why is the SMART acronym an important part of developing requirements for the project?

3. What is a project schedule? Give an example of a project milestone? How would you explain to a project team member what a dependency relationship was between two tasks and why it was important?

4. What is the function of a project budget? Explain the difference between a Cost Account Budget and a Time Phased Budget? Why is it important to include management contingency in a project budget and how you would calculate the amount of contingency needed?

Reference no: EM1339611

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