Identify the weaknesses that are inherent in the estimating

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Reference no: EM132369802

Assignment

Objectives

• Recognize the impact of stakeholders on project scope and completion

• Identify constrained elements of scope, cost & schedule

Directions

For this assignment you will be required to:

• Complete Exercise 3 using Exercise Figure 5.1.

3. Exercise Figure 5.1 is a project WBS with cost apportioned by percentages. If the total proejct cost is estimated to be $600,000, What are the estimated costs for the following dilverables?

a. Design
b. Programming
c. In-house testing

What weaknesses are inherent in this estimating approach?

720_Fig 5.1.jpg

• Identify the weaknesses that are inherent in the estimating approach.

• You will upload your written assignment (document in doc, docx, rtf, pdf, ppt, pptx, jpg, or png format) in Canvas.

Resources

• Project Management: The Managerial Process 7th Edition, McGraw Hill - Chapter 5

Reference no: EM132369802

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