problem 1: What methods are available to a project manager to overcome problems with an ill-defined or difficult to define project?
problem 2: Describe the advantages of adopting a logical coding system to manage a project.
problem 3: describe the options for the timing of payments to a contractor.
problem 4: What advice would you give to a project manager on the options for collecting estimates for labor time?
problem 5: By using an illustration of your choice, illustrate the payback method and discounted cash flow approach to project appraisal.
problem 6: What do you understand by the term work breakdown structure? Describe your answer with an illustration.
problem 7: Some organizations find it convenient to categorize cost estimates according to the degree of confidence that their estimators can express in their accuracy. Others use a framework based on the personal characteristics of the estimator. Describe a commonly used framework for the categorization of estimates based on the confidence of the estimator.
problem 8: Illustrate the main considerations which should be taken into account in setting the price of a contract.