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Question:
(a) Past projects have shown that cost escalation is a common phenomenon with respect to the amount by which actual costs increases overrun the initial estimated costs. List and critically discuss five major factors that contribute to cost escalation. Illustrate your answer using relevant example.
(b) Discuss the importance of "Value Management" in project life cycle.
PR has recently joined FPC Company as the new Finance Director. He is needed to work towards getting the finance staff to play a fuller role in the company, becoming more integrate
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Problems associated with policies 1) Policies are liable to different interpretations since they allow discretion and are usually broad. If made specific they become rules and th
What are the uses of Cost Benefit Analysis? Generally, this technique (complex cost benefit analysis) is advocated for use within decisions on public projects, wherein social c
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MPMM is a body of project management content, wrapped in an easy, simple to use software tool. This tool contains such core features as a Navigation Panel, Display Panel, Page Summ
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1 Write short notes on Earned Value Method (EVM) 2 What are the common features available in PM software packages? 3 A project should earn sufficient return on the investment
what is project valuation?
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