Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Three main reasons that there are changes to a budget (and hence, changes to the overall budget) are: (1) errors the cost estimator made about

Three main reasons that there are changes to a budget (and hence, changes to the overall budget) are: (1) errors the cost estimator made about how to achieve the tasks identified in the project plan; (2) an increased knowledge about the project's goal and deliverables causes changes to the way of thinking, leading to wholesale changes in the project; and (3) a new law, standard, or mandate occurs leading to a change in the way the project is carried out.

Can you think of any other reasons why the baseline of the budget might need to be changed midstream of a project? (add ref with answers)

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

Step: 3

blur-text-image

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

Management Fundamentals

Authors: Robert N. Lussier

1st Edition

032401337X, 978-0324013375

More Books

Students also viewed these General Management questions

Question

Define a class, subclass, and super class, and give examples.

Answered: 1 week ago

Question

2. identify the knowledge base for psychological skills training,

Answered: 1 week ago