Explain the important component of project planning

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Reference no: EM131841163

Question: 1. Why is cost estimation such an important component of project planning? Discuss how it links together with the Work Breakdown Structure and the project schedule.

2. Imagine you are developing a software package for your company's intranet. Give examples of the various types of costs (labor, materials, equipment and facilities, subcontractors, etc.) and how they would apply to your project.

Reference no: EM131841163

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