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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.
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Q. Illustrate the Product life cycle? Every food product passes through different phases throughout its life and therefore, the need for development of a new product arises. Ea
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