Project Budgeting and Scheduling

Assignment Expectations:
• Length: 1500-2000 words (6-8 pages); answers must thoroughly address the questions in a clear, concise manner.

• Structure: Include a title page and reference page in APA style.

• References: Include the appropriate APA style in-text citations and references for all resources utilized to answer the questions.

Assignment:

• Briefly describe "critical path." Be sure to include in your description how critical path is determined, and why it is important.

• Describe the budgeting process for your selected project. Was bottom-up, top-down, or program budgeting used? Who was involved in the budgeting process? How were costs estimated? What steps are in place to control costs? What steps can be taken to make controlling costs easier?

• Compare and contrast the advantages and disadvantages of top-down and bottom-up budgeting.

• Compare and contrast the different schedule and budget estimating tools and techniques available to project managers.

• Which should you estimate first: schedule or budget, and why?