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In a paper, provide a detailed explanation of how the knowledge gained in this course provided you with an understanding of a critical component of project management: EVM, financial and costing management techniques. How would you define EVM, financial and costing management techniques successfully for completing a project? What challenges do project managers face during implementation of these steps and processes? This paper serves as the foundation for your discussion with your course instructor and possibly other students in the latter half of this assignment.
Support your insights paper with a minimum of two (2) external resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: 3 pages not including title and reference pages
Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards where applicable.
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Analyze the following statement: All projects overrun cost estimations and therefore we do not need cost estimations. Support your response with examples.
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