Question
Project manager told his boss in a meeting that Cost estimates and budgets are ideally based upon elements of the WBS and are prepared at
Project manager told his boss in a meeting that "Cost estimates and budgets are ideally based upon elements of the WBS and are prepared at the work package level. But when the cost cannot be estimated because of uncertainties about the work, the estimates based upon judgment should be used as final figures".
What is wrong with his statement?
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The statement made by the project manager in the meeting contains a potential issue The problem lies ...
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Project Management A Systems Approach to Planning Scheduling and Controlling
Authors: Harold Kerzner
10th Edition
978-047027870, 978-0-470-5038, 470278706, 978-0470278703
