Question: A) Good Cost Planning Requires A Basic Understanding Of How Organizations Account

Question: A) Good Cost Planning Requires A Basic Understanding Of How Organizations Account For Cost”. Explain The Characterization Of Cost Components And The Two Approaches To Estimating Project Costs. (8 Marks) B) Consider The Following Resource Allocation Table: Activity Early Start Date Float (Days) 0 Duration (Days) 2 Employees Required (Per Day) 2 A1 1 A2 2 3 2

a) Good cost planning requires a basic understanding of how organizations account for cost”.
Explain the characterization of

 

Transcribed image text: a) Good cost planning requires a basic understanding of how organizations account for cost”. Explain the characterization of cost components and the two approaches to estimating project costs. (8 Marks) b) Consider the following resource allocation table: Activity Early Start Date Float (days) 0 Duration (days) 2 Employees Required (per day) 2 A1 1 A2 2 3 2 2 A3 0 3 2 6 A4 2 5 2 3 4 A5 0 5 1 Table Q5(b) i. Construct the associated Gantt chart, showing (i) any activity float and (ii) resource requirements for each activity. (6 Marks) ii. Construct a resource histogram based on (i) early starts, and (ii) late starts. (6 Marks) iii. What happens if you are limited to a maximum of 6 employees per day? (5 Marks)

 


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