Project Management -Project Cost Estimation

(TCO B) You are the project manager for three projects. You are about to estimate costs for these three projects. Given the below information on each project, recommend an appropriate estimation method and justify your answer for each.

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Determining the most appropriate estimating technique for the project is important. Choosing the right technique depends on the amount of information you have from past similar projects, and the information you have regarding the current project, such as scope baseline, project schedule, human resource plan, risk register, enterprise environmental factors, and organizational process assets (Project Management Institute, 2008). It is also important to know how much time and money the

PROJ 592 All Discussions Week 1 - 7 Purchase here http://devrycourse.com/proj-592-all-discussions-week-1-7 Product Description PROJ 592 Week 1 DQ 1 WBS Construction PROJ 592 Week 1 DQ 2 Project Cost Estimates and Assumptions PROJ 592 Week 2 DQ 1 Cost Components PROJ 592 Week 2 DQ 2 Estimating Processes PROJ 592 Week 3 DQ 1 Project Schedules PROJ 592 Week 3 DQ 2 Sensitivity Analysis PROJ 592

The CanGo organization is lacking a Project Budget. The group is disorganized and unsure if the project can afford necessary equipment and resources required to complete the project. CanGo’s project team or the project manager needs to develop a project budget, including the goal of the project budget. The project manager will use this budget to help determine if the project is on track and the budget will be used by a number of personal as a guideline to fulfill project milestones. Aspects that need to be considered and included in the project budget are employee compensation, contract services such as hardware and software, equipment and supplies, and the budget should include overhead expenses. Overhead and indirect costs allow the project to absorb part of the administrative costs of the organizations daily operations. Many software options are available on the market today, such as

2. In selecting an accounting method for a newly-contracted long-term construction project, the principal factor to be considered should be what? Page 933

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The land in Stratford is being actively traded, rather than being held for income producing

In addition to that other products required along with the departmental capital improvement proposals includes cost estimation, project justification statements, citation

Annex and see rate differences on Target to get cost differential assessment and buys which are relevant to avail. Clear through, making concurrent acquirements to have price resentment to perceive differences on target. Extract and pertain to regular use and trades that make retention and cost cut assertions online.

Discuss the US transfer pricing regulations, including advances pricing agreements, arms length standard, and methods allowed to determine comparable prices. - 60

The New PNL for Fixed Income TRS is zero, which is correct. There is a bug in IDP; this desk should not have been flagged as red and should be yellow instead based on the logic below:

In field of project management, there are a plethora of mechanisms under perpetual reevaluation. One specific segmentation of project management under such scrutiny pertains to cost duration, which is the time and monetary costs of completing individual tasks within the project’s critical path (IBM Knowledge Center, 2016). The process of monitoring and evaluating the time and financial impacts of each task is referred to as cost duration analysis (IBM Knowledge Center, 2016). A chief concern of cost duration analysis is identifying tasks within the project’s critical path which can reduce project duration (PMI, 2013). A common approach to reducing a project’s duration is task “crashing” (PMI, p.181). According to The Project Management Institute (2013) crashing refers to the process of methodical determining the financial value of increasing a critical path task’s resources in order to decrease project duration (p.181).

Project management is a series of steps taken in sequence to manage a project through all phases from conception to completion. The steps are documented in a strategic plan. The plan is used to ensure that all parties are working towards a common goal. Project management requires applying knowledge, skills, tools and techniques to specific activities in accordance with established standards and guidelines. There are five basic functions of project management: planning, organizing, staffing, directing, and controlling. Basic activities of project management include: identifying project requirements to define the outcomes; addressing various needs, concerns and expectations of others; setting up, maintaining and carrying out communications; managing others; creating project deliverables; and balancing competing project constraints.

It exceeds the Allen Electricity’s required rate of return. Thus it is reasonable to continue assessing this particular credit line. If an account does not exceed the required rate of return in best case scenario the account should be rejected in this phase. In the other hand if a company is a big and loyal customer its examination should be also continued even if it does not exceed completely the required rate of return. Nevertheless, we do not look at these situations more thoroughly since we are concentrating on marginal account evaluation process.