Accurate estimation is decisive for effective planning and control and is associated with time, information, experience of estimator, methods employed and funding. Discuss and illustrate out the four (4) major types of Estimating Methodology.
The Work Breakdown Structure is a specifically significant project tool which requires considerable thought and planning in its development and implementation, in view of minimizing subsequent changes. Major revisions to a WBS require both substantial effort and resources, because of its application to a wide array of project activities. Discuss and illustrate out the significance of Work Breakdown Structure in Project Life Cycle.
Briefly elaborate on the significance of Project Charter.
The project organization structure clearly recognizes the relationship between project team members through defining their duties, responsibilities and lines of authority. The major common project organization structure is Matrix organization, elaborate on the advantages and drawbacks of this structure.
Briefly elaborate on the significance of project closeout report.