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Pages:
2 pages/≈550 words
Sources:
1 Source
Style:
APA
Subject:
Business & Marketing
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 10.37
Topic:

The Sharp Printing, AG Case

Coursework Instructions:

Read and analyze the Sharp Printing, AG case "Estimating Project Times & Costs" of Project Management: The Managerial Process.
Write a 2-page paper addressing the following:
What is project scope?
Why is it important to define project scope clearly?
What is the relationship between project scope, cost, and schedule?
Answer the following three questions concerning the case:
At this point, what would you do if you were the project manager?
Was top management acting correctly in developing an estimate?
What estimating techniques should be used for a mission critical project such as this?

Coursework Sample Content Preview:
The Sharp Printing, AG Case [Name of the Student] [Name of the Institution] [Date of Submission] 1 The Project Scope According to Kerzner & Kerzner (2017), the part of the planning of a project that includes documenting and determining a list of particular project deadlines, costs, tasks, deliverables, and goals is referred to as the project scope. In other words, it also involves what requires to be accomplished and the work that must be performed in delivering the project. 2 Importance of Defining the Project Scope clearly Defining the project scope clearly is highly crucial to every project because it highlights the requirements that need to be fulfilled and also indicates the assumptions, dependencies, and limitations of the project. Moreover, in project management defining the project scope is the primary initial step and it must be mapped and defined accurately as it helps the project managers in allocating the proper costs and labor required for completing the project. Last but not least, a clear project scope will also help the project manager in managing the expectations of stakeholders and clients and will also help in avoiding the common issues in projects like the project being behind schedule, project finances escalating, and continuous changes within the requirements of the project and etc 3 The Relation between Project Schedule, Cost and Scope The relation between project schedule (time), cost and scope are that they are the three critical constraints in project management. The schedule is referred to as the time for the project to reach completion. Whereas the tasks required for fulfilling the goals of the project is referred to as the scope. Last but not least, the project budget – the financial constraints of the project is referred to as the cost. It has been found that changing any one of these constraint...
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