Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

After completing a project ahead of schedule, the project was 20% over budget. Evaluate and document the project's successes and failures to improve future projects

After completing a project ahead of schedule, the project was 20% over budget. Evaluate and document the project's successes and failures to improve future projects with "Lessons Learned" or "Project Review" to determine what could have been done differently regarding scope, resources, and schedule, and why: Scope: Clearly define and agree on all requirements before the project begins to avoid unexpected costs and delays. Resources: Contingency Fund of 10% or larger for higher-risk projects. Schedule: Employ fast-tracking and crashing strategies to expedite the project schedule

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management A Strategic Emphasis

Authors: Edward Blocher, David F. Stout, Paul Juras, Steven Smith

8th Edition

1259917029, 978-1259917028

More Books

Students also viewed these General Management questions

Question

2. What types of information are we collecting?

Answered: 1 week ago

Question

5. How quickly can we manage to collect the information?

Answered: 1 week ago

Question

3. Tactical/strategic information.

Answered: 1 week ago