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Question:
(a) Project Integration Management refers to the integration of the nine Knowledge areas and project phases, coordinating project activities to ensure that the project team is working in a consolidated fashion. Critically discuss the Project Management Knowledge areas and use relevant examples to support your answer.
(b) The purpose of Project Monitoring and Control is to evaluate and provide an understanding of the evolution and progress of a project. This enables measurement of project performance and directs appropriate corrective actions when deviations are noted. Briefly elaborate on the different methods for monitoring the project.
(c) Any project has a beginning and an end; without a formal closure process, project teams can fail to recognize the end and this can drag the project into unnecessary expenses. Critically explain the steps in project closure.
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b) Based on these figures, Project Detroit should be pursued as it has the superior NPV. Even though both projects yield the same absolute amount of net cash flow (each totalling $
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