Cost component of project must be carefully planned

Assignment Help Business Management

Reference no: EM133771665

Question

The cost component of a project must be carefully planned and managed throughout the life of a project. First, establish the budget for the project. The selection of vendors involves a careful process of considering reputation, scope, and time required to complete. Furthermore, risks and uncertainty should be included in the plan. As the project progresses, costs need to be monitored and controlled.

Due to the COVID-19 pandemic, in general, project costs have increased. What are some of the considerations that should be included in the budget?

After posting your response, respond to at least 2 of your peers. When responding to their posts, you should share your experiences of increased or decreased costs since the COVID-19 pandemic.

Reference no: EM133771665

Questions Cloud

Support worker in aged care facility : Assume that you are a support worker in an aged care facility and your supervisor has asked for your preference as to what consumer needs

What are the elements of a contemporary text : What are the elements of a "contemporary" text and How does Rushdie's text represent contemporary literature?

Help in reinforcing concepts and in preparation : Supplementary to the Lecturio content provided in this course. Please refer/review these supplementary resources should you need help in reinforcing concepts

Carefully planned and managed throughout the life of project : The cost component of a project must be carefully planned and managed throughout the life of a project.

Cost component of project must be carefully planned : The cost component of a project must be carefully planned and managed throughout the life of a project.

The recovery and recovery support hotline : Service offered by SAMHSA, make sure to include how it is relevant to a family or individual experiencing Substance Use Disorders

Successfully completing series of motor planning activities : Zach will improve his motor planning by successfully completing a series of motor planning activities.

Completing tailored motor planning activities : Make this SMART Goal more specific: Zach will improve his motor planning by successfully completing tailored motor planning activities

Discuss how a nurse might lessen the impact of the situation : Describe an ethical situation, based on the chosen topic, that can get in the nurse's way of practicing ethically. Describe the situation clearly and concisely.

User Account

All Pages