Explain why many IT professionals may overlook project expenditure management and the effect this may have on project completion. Explain the budgeting method for the project. What are sunk costs? Provide examples of both typical IT sunk costs and individual sunk costs. Why is it so difficult to disregard them?

Q: How PERT technique is used to estimate project duration? Calculate the estimated duration of an IT…

A: PERT (Program Evaluation Review Technique) is an estimation technique which was first…

Q: Why estimating time and cost is important to the project. What you think is difficult about…

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Q: Exactly what is the function of cost accounting in the management of projects?

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Q: Justify the reasons why many IT professionals could ignore project expenditure management and how…

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Q: Explain why many IT professionals may disregard project expense management and how this may impact…

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Q: Why estimating time and cost is critical. What you find problematic about project time estimation.…

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