Questiona past projects have shown that cost escalation is, Ask an Expert

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Question:

(a) Past projects have shown that cost escalation is a common phenomenon with respect to the amount by which actual costs increases overrun the initial estimated costs. List and critically discuss five major factors that contribute to cost escalation. Illustrate your answer using relevant example.

(b) Discuss the importance of "Value Management" in project life cycle.

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Project Management, Management Studies

Category:- Project Management
Reference No.:- M9586211

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