What are some of the pitfalls in cost estimating

Assignment Help Operation Management
Reference no: EM131231096

What are some of the pitfalls in cost estimating? What steps can a project manager take to address potential cost overruns? What steps can a project manager take to make controlling costs easier? Can these steps also be leveraged to control other areas of a project, such as a project's scope or schedule? Explain your answer and if there's any references please provide them.

Reference no: EM131231096

Questions Cloud

Estimate the time required to regain the capital investment : For a price of $165/ton of ammonia, estimate the time required to regain the capital investment in the OTEC production plant and compare your estimate with the claim that the capital could be repaid in 2.5 years.
How improve global cooperation to respond to cybersecurity : For this case study, you are asked to (a)read the International Chamber of Commerce's Cybersecurity Guide for Business and (b) watch three scenario segments from the"Scenario Based Planning" session at the 2015 Global Conference on Cyber Space. Af..
Describe your perception of each couple : Describe your perception of each couple.- Why did the couple get together? Will they last? Are any conclusion, observations that you make inspired by race?
How bioethanol can also be produced from sugarcane : Bioethanol can also be produced from sugarcane in climates such as in Brazil. For sugarcane, the production is 80 ton/ha.
What are some of the pitfalls in cost estimating : What are some of the pitfalls in cost estimating? What steps can a project manager take to address potential cost overruns? What steps can a project manager take to make controlling costs easier? Can these steps also be leveraged to control other are..
Conglomerates refers to firms using diversification strategy : The tem "conglomerates" refers to firms using the _____diversification strategy. AT&T's business campaign not only helped to change public perception of the ocmpany, it also signaled to employees that AT&T was determined to be a leader in telecommuni..
Write the given refletcion paper assignment : Write a reflection based on your individual practice experiences, including interactions with community members - What made this experience challenging or interesting to me professionally?
Calculate the outstanding payroll liability : ACC506 Assignment Calculate the outstanding payroll liability (2 days for each employee) and calculate and record the insurance expense for the two months
The typical risks of a cost leadership strategy include : The typical risks of a cost leadership strategy include________. The strategic managment process is__________

Reviews

Write a Review

Operation Management Questions & Answers

  Calculate mean absolute deviation for forecasting technique

Given these sales figures over the first 6 months of the year, your boss needs you to test two different forecasting methods (parts a and b below) to determine which method is best. For your measure of “best”, recommend to your boss that the company ..

  Ethic of government and individualistic ethic of business

Define and explain each key term. Then compare or contrast the first term with the other in the set: a. Collectivistic ethic of government & Individualistic ethic of business (describe the differences between these two)

  Designing database for an e-commerce business

You are designing a database for an e-commerce business that sells athletic shoes online. Your business purchases shoes wholesale from major manufacturers like Nike and Adidas and resells them to consumers. Your target market consists of long-distanc..

  Company grow to become an international entity

How does a company grow to become an international entity? Identify one international company, trace its roots and explain a success and a challenge it had growing to an international status. Also, create a new product idea of your own and describ..

  Share pictures or links to assignment brand examples

Provide some examples of brands, companies, or businessess that have gained success and have not gained success with social media. Based on the comparison, what are the key ingredients to getting consumers to engage with a brand? Share pictures or li..

  Strategic entrepreneurship

"Strategic Entrepreneurship" Please respond to the following: Research one company that you believe is not exceptionally innovative, determine which single lesson would be most beneficial to the company you researched.

  Graphical linear programming best production of yard gates

The Jean-Pierre Amor Company manufactures two lines of designer yard gates, called model A and model B. every gate requires blending a certain amount of steel and zinc; the company has available a total of 25000 lb of steel and 6000 lb of zinc. Find ..

  Decide which product strategy to utilize

Class, according to your text, there are three ways that companies can sell products globally. Let’s discuss these. What are some of the considerations when deciding which strategy to employ? In other words, how does a company decide which product st..

  Invested in a stock that is returning

Assume that you have $165,00 invested in stock that is returning 11.50%,$85,000 invested in a stock is returning 22.75% and $235,000 invested in a stock that is returning 10.25%

  Identification and reasoning of the theory

An analysis, identification, and reasoning of the theory that relates to this scenario. A description of how the framing process could affect this situation and whether things have turned around to the positive side.

  Review the project management email

Review the Project Management email, Write an email response in which you address the following points:

  Increased productivity leads to better wages

ORIGINAL: When companies open sweatshops they bring technology and physical capital with them. Better technology and more capital raise worker productivity. Over time this raises their wages. Increased productivity leads to better wages, and similarl..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd