+1-415-670-9189
info@expertsmind.com
Explain the fundamental trade-offs
Course:- Project Management
Reference No.:- EM1343329




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Project Management

Project management short answer

1. Three main reasons that there are changes to a budget (and hence, changes to the overall budget) are: (1) errors the cost estimator made about how to achieve the tasks identified in the project plan; (2) An increased knowledge about the project's goal and deliverables causes changes to the way of thinking, leading to wholesale changes in the project; and (3) a new law, standard, or mandate occurs leading to a change in the way the project is carried out. Can you think of any other reasons why the baseline of the budget might need to be changed midstream of a project?

2. Explain the fundamental trade-offs made when deciding whether or not to crash a project. What trade-offs are made to resources if you decide to a crash a project? Can all three project factors - cost, schedule, and resources - be reduced when you crash a project? Why or why not?




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Project Management) Materials
Smith Juice Co blends orange,apple,pineapple,grape,and cranberry juice to prodcue its beverage products. The products and their specifications are listed in the following tabl
Write a paper of no more than 1,050 words that describes the project's background and general requirements (SCOPE), which must include pre-scheduled milestones, cost constra
Find that the dry cleaner is positioned above the zone box on reliability but below the box on responsiveness. What should you tell the manager of the dry cleaner to do?
QSO 645 Project Selection Journal Guidelines. You are a project manager for a local company that is considering installing a new content management system. Your boss has aske
Tony is planning to launch a new shampoo and is trying to decide what features and price would interest consumers.- Which vendor should Tony use? Explain your rationale for pi
Do you believe that companies should adapt their marketing strategies to cater for the needs of consumers in different parts of the world or should they keep it constant?
A Business Case Definition: Documentation detailing the requirements to move an idea from conceptualization to project initiation and compare contrast a Business Case and a Bu
How does this supply chain differ from that in a manufacturing firm?  -  What are the constraints on making decisions based on economics alone at Arnold Palmer Hospital?