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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.
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper
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Please note that the exam is an individual effort (NOT a group effort). Please be sure that all the submitted work is your own. You cannot discuss the test with your classmates or
MPMM has adopted best practice terminology to make sure that organizations communicate effectively whilst managing projects. Within the Glossary you will search definitions for all
DPW is a very victorious home furniture company operating in P Country. It has a good reputation for being customer focused and giving value for money through its effective operati
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