Discuss why many IT professionals may disregard project cost management and how this may impact their ability to finish projects on time and on budget. Explain what happens during the budgeting process for the project. 2. What exactly is a sunk cost? Give instances of typical sunk costs for an IT project, as well as personal ones. Why is it so tough to ignore them when they should?

Discuss why many IT professionals may disregard project cost management and how this may impact their ability to finish projects on time and on budget. Explain what happens during the budgeting process for the project. 2. What exactly is a sunk cost? Give instances of typical sunk costs for an IT project, as well as personal ones. Why is it so tough to ignore them when they should?

Information Technology Project Management

9th Edition

ISBN:9781337101356

Author:Kathy Schwalbe

Publisher:Kathy Schwalbe

Chapter7: Project Cost Management

Section: Chapter Questions

Problem 1DQ

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