Explain how useful each of the following can be during the estimating of project costs: a. Contingency

Question:

Explain how useful each of the following can be during the estimating of project costs:

a. Contingency planning and estimating

b. Using historical databases

c. Usefulness of computer estimating

d. Usefulness of performance factors to account for inefficiencies and uncertainties.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Project Management A Systems Approach to Planning Scheduling and Controlling

ISBN: 978-0470278703

10th Edition

Authors: Harold Kerzner

See More Books

Question Posted: Feb 07, 2012 06:48 AM

See More Questions

How would each of the following factors affect ratio analysis? (a) The firms sales are highly seasonal. (b) The firm uses some type of window dressing. (c) The firm issues more debt and uses the...
How does each of the following developments affect banks desired equity ratios? Explain. a. An increase in OBS activities. b. A shift from C&I lending to real estate lending. c. A shift from...
How does each of the following trade barriers work: price-based barriers, quantity limits, international price fixing, nontariff barriers, financial limits and foreign investment controls?
In Exercises 7-9, find the indicated measure. The area of a circle is 380 square inches. Find the radius.
What is the maximum saver's credit available to taxpayers? What taxpayer characteristics are relevant to the determination?
(A) In each of the following reactions, determine whether the electron pair donor is acting as a BrnstedLowry base or a nucleophile. Identify the acid, electrophile, and leaving group, as...
Conduct a repeated measures analysis using the data shown in Exhibit 17.8. Include Sales 4 as an additional within-subjects measure. How do the results compare with those shown in the chapter using...
The Eco Pulse survey from the marketing communications firm Shelton Group asked individuals to indicate things they do that make them feel guilty (Los Angeles Times, August 15, 2012). Based on the...
Kiwi Airlines has fixed operating costs of $3 million, and its variable costs amount to 22 percent of sales revenue. The firm has $2 million in bonds outstanding with a coupon interest rate of 8...
The following figure represents a digital cockpit (or dashboard) for General Electric. The cockpit has 15 items highlighted. Identify which numbered item tracks or shows the following data: a. The...
Should a project manager be appointed in the bidding stage of a project? If so, what authority should he have, and who is responsible for winning the contract?
Do cost overruns just happen, or are they caused?
A compound has a critical point of T = 800 K and P = 45 bar, and an acentric factor of = 0.3. Estimate of the vapor pressure at each of the temperatures 300 K, 500 K, and 700 K, using the following...
Suggest at least 3 touchpoints for each stage of the decision-making process that SEDO can use. Search and find in which of the touchpoints for information search stage suggested by you, can you see...
How do modern database management systems address the challenges posed by Big Data, including storage, processing, and analysis of massive volumes of heterogeneous data, while maintaining performance...
Describe how the various and sometimes seemingly unrelated topic areas work together toward managing healthcare quality
find Fourier series of the following functions (a) f1(x) = sinh(x), (b) f2(x) = cosh(x), (c) f3(x) = x + |x|, (d) f4(x) = x|x|.
Explore the realm of database transaction processing, elucidating the nuances of ACID (Atomicity, Consistency, Isolation, Durability) properties and their manifestation in ensuring transactional...
Adjustments will affect a. the balance sheet b. the income statement c. both a and b LO.1
A Alkynes can be made by dehydrohalogenation of vinylic halides in a reaction that is essentially an E2 process. In studying the stereochemistry of this elimination, it was found that...
Plato Pharmaceuticals Ltd has invested 500,000 to date in developing a new type of insect repellent. The repellent is now ready for production and sale, and the marketing director estimates that the...
On the LRC, can we structure the responsibility column to primary and secondary responsibilities?
Discuss the meaning of each of the two poems listed below: We shall have to evolve Problem solvers galore Since each problem they solve Creates ten problems more. Author unknown Jack and Jill went up...
What is the correct way for a project manager to invite line managers to attend team meetings?
Trey is single and has no qualifying child. His adjusted gross income is $12,355. In order to claim the Earned Income Tax Credit, he must meet which of the following requirements? He cannot be the...
Caspian Sea Drinks needs to raise $74.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $2.69 next year, which will grow at 3.45% forever and the...
i need help in B and C Integrative Case 5-72 (Algo) Cost Estimation, CVP Analysis, and Decision Making (LO 5-4.5.9) Luke Corporation produces a variety of products, each within their own division....

Explain how useful each of the following can be during the estimating of project costs: a. Contingency

Question:

Step by Step Answer:

Again there is no ...View the full answer

Project Management A Systems Approach to Planning Scheduling and Controlling

Students also viewed these Management Leadership questions