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Question:
(a) Past projects have shown that cost escalation is a common phenomenon with respect to the amount by which actual costs increases overrun the initial estimated costs. List and critically discuss five major factors that contribute to cost escalation. Illustrate your answer using relevant example.
(b) Discuss the importance of "Value Management" in project life cycle.
Scope Management and Health Checks
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We are two partners, starting a new business "Events Management" and we have to prepare the business plan with 7P''s, how could you help us?
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