Broad cost management and narrow cost management

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Reference no: EM132286452

1. What is the difference between Broad production management and narrow production management?

2. What is the difference between broad cost management and narrow cost management?

3. Early project budget and schedule estimates tend to be much less accurate than those made closer to the actual project start date. Given this fact, why are early project estimates often required by senior managers? What purpose would seemingly inaccurate estimates serve?

Reference no: EM132286452

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