Pm Scheduling Networks

(TCO A) Your manager has asked you as a project manager, How does the Bottom-Up budgeting process work? I hear the terms bottom up and top down. Explain the 4 basic steps in the bottom-up budgeting approach by identifying the organizational level (Upper Management, useful Management, and Project Management) and flake of budget prep bed at from each one step. For each type of budget, explain wherefore it is used at this level. (Points : 16) You wee-wee been requested to provide a contingency approximation for a project involving the manufacturing of a saucily television. You are provided with the spare-magazine activity component and labor computes, together with the type of estimate: Description Estimated substructure cost Type of estimate Plasma Screen $780.00 Order of Magnitude Tuner $107.00 authoritative Sound circuits $45.00 Definitive Controls $65.00 Order of Magnitude Case $142.00 compute Labor $245.00 Definitive The guide r etail price for the newfangled TV is $4,995.00. New crossways are targeted for 130% markup on introduction, so that price and cost reductions stomach be interpreted as required by war-ridden pressure and lock away keep the product profitable. Your estimating department shortly defines estimate true statement as follows: Order of Magnitude -25%, +55% Budget -10%, +35% Definitive -5%, +10% (a) What cost budget do you root on for the product? (b) Will the project be approved? (c) What would you recommend to sheer or eliminate any contingency from the budget? 4. (TCO A) We have discussed the project plan and are taking considerable snip developing processes for creating it. This seems to be in conflict with the verbal description of the course, which is supervise and Control. Why are we taking so more than time to develop the project plan, and how does it fit with monitoring and tone down? For total credit you must provide specific reasons and d ependable nowifications and not just general! ities. (Points : 16)If you want to get a profuse essay, order it on our website: BestEssayCheap.com

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