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Aggregating all the estimated costs for the specific activities that make-up a project to determine its total budgeted cost (TBC) and then monitoring a project's progress to ensure that the work involved is kept within budget are two activities that are critical for success.
Question:
Discuss the processes involved in determining and managing project budgets while explaining what points and pitfalls project managers should keep in mind when performing these functions.
The following book is used in this class:
Gido, J., & Clements, J. P. (2012). Successful project management. (5 ed.). Mason, OH: South-Western Pub.
Assuming the firm faces a 30% tax rate, calculate the project's annual project free cash flow (FCF) for each of the next five years.
What is an example of expected-value decision rule in a workplace?
Explain the rationale behind time and cost estimation methods and why you would chose one method over another.
The time to complete a project may be shown in a chart; however, the sequence of activities for completing the project may not be shown in a chart.
What characteristics do you look for when identifying a project stakeholder?
The Work Breakdown Structure (WBS) subdivides the scope of work into manageable work packages that can be reliably estimated and assigned to a responsible person for completion. Discuss five uses of a WBS in Project Management
Discuss the concept of selective exposure and explain why it is important to marketers. Offer some examples of how consumers engage in selective exposure.
Explain the importance ethical and legal responsibilities in the research project.
What is the importance of project termination planning?
Describe the features or characteristics of your product or service.
Prepare a "Monthly Profit Report", Create this report using the results of your ABC overhead allocation.
Develop a policy that is specific for reducing the hazard/incident.
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