I hope you can help me on this one Doc, I was stuck on this two questions.
1. A special project called ?FLYWHEEL? has an estimated cost of $1,000,000.
There are three major divisions to this project: Definition of Project, Design,
a. Definition of Project is budgeted at 15% and includes:
i. Project Objectives 5%
ii. Technology 10%
b. Design is budgeted for 25%
c. Implementation is budgeted for 60% and includes:
i. Purchasing: 15%
ii. Retooling: 40%
iii. Training: 5%
What are the estimated costs for the following components of the project?
2. Review the Sharp Printing, AG Case at the end of Chapter 5 and answer the
following questions. (20 Points) Link ->
a. At this point, what would you do if you were the project manager?
b. Was top management acting correctly in developing an estimate?
Explain why or why not?
c. What estimating techniques should be used for a mission critical
project such as this? Explain your reasons.
d. Prepare a brief paper which you prepare for top management with:
i. A statement of the problem.
ii. Your recommendations to deal with the problem.
This question was answered on: Sep 18, 2020
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