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Posted: December 7th, 2022
Project Management-How are cost estimates for the project budget derived
Why was PERT never more effective than traditional CPM (Critical Path Method) in project scheduling? Hint: Look at the manner in which time estimates are generatedHow are cost estimates for the project budget derived? What fundamental issues are almost guaranteed to occur?How do project members (resources) manage their time? Does it affect project performance?How are inanimate (non-human) project resources i.e. equipment managed? How does this affect project performance?How does risk affect projects? What types of risk are there to projects that you have dealt with? How can risk be reduced?
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