Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Providing detailed cost estimates for projects with a high degree of uncertainty or where the scope isn't fully defined may not offer value due to

Providing detailed cost estimates for projects with a high degree of uncertainty or where the scope isn't fully defined may not offer value due to frequent changes (to the estimates). (PMBOKGuide, Chapter 7)

Assume you are leading a project where this is the case.

  • What would your position be on whether to provide detailed cost estimates?
  • Include whether this would be beneficial or detrimental to the project?
  • Consider the implications to the project manager and the project plan?
  • Provide examples to help explain.

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

Introduction To Hospitality

Authors: John Walker

7th Edition

0133800903, 9780133800906

More Books

Students also viewed these General Management questions

Question

Who monitors the top management of public U.S. corporations?

Answered: 1 week ago