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__________

User Account

All Pages