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hammer [34]
1 year ago
10

The ___________ must be the basis for a project cost estimate if you plan to create a cost baseline and use earned value managem

ent as part of monitoring and controlling costs.
Business
1 answer:
kogti [31]1 year ago
3 0

The work breakdown structure must be the basis for a project cost estimate if you plan to create a cost baseline and use earned value management as part of monitoring and controlling costs.

Work can be made more manageable and approachable by using a common productivity strategy called task breaking. The Work Breakdown Structure (WBS), one of the most significant projects management papers, is the tool that applies this technique to projects. It does it on its own, integrating scope, cost, and schedule baselines to guarantee project plans are in sync.

The Work Breakdown Structure is a "deliverable-oriented hierarchical decomposition of the work to be completed by the project team," according to the PMI Project Management Book of Knowledge (PMBOK). WBS can be divided into two categories: deliverable-based and phase-based. The deliverable-based strategy is the most popular and preferred method. The Elements listed in the first Level of the WBS are the primary distinction between the two methodologies.

Learn more about project costs here brainly.com/question/15518327

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A _____ is the highest postsecondary degree available.
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It costs firm A $800 to produce five radios and it costs firm B $500 to produce five batteries. If Firm A merges with firm B, it
Zigmanuir [339]

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5 0
3 years ago
The Seattle Corporation has been presented with an investment opportunity which will yield cash flows of $30,000 per year in Yea
Sergio [31]

Answer:

payback period = 4.86 years

Explanation:

given data

cash flows year 1 = $30,000 per year

cash flows year 5 = $35,000 per year

cash flows year 10 = $40,000 per year

investment cost = $150,000

to find out

payback period for this investment

solution

we get here accumulated inflows will be

accumulated inflows year 4 =  $30,000 × 4

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and

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and Initial investment = $150,000

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payback period = 4.86 years

3 0
3 years ago
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