Answer the following 3 questions :
Question 1
Explain briefly the following with simple examples;
i.Tangible costs and Intangible costs
ii.Fixed costs, direct costs and indirect costs
iii.Sunk costs and prospective costs
iv.Running costs
v.Cost baseline
vi.Cost variances
vii.Management reserve and contingency reserve
Question 2
Identify two sources of internal and external project funding and assess their advantages and disadvantages.
Question 3
With reference to PMBOK, briefly state what is involved in project cost control?
Why do you believe organizations have problems in controlling costs and what do you think are possible solutions?
Please note: 1)
The essay should be a maximum of 1500 words in length and should conform with the Guidelines for Formatting Individual Assignments.
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."
