Question

In: Operations Management

At which point during the project life cycle would the best estimates for the project cost...

At which point during the project life cycle would the best estimates for the project cost be completed?

a) The proposal phase

b) The project implementation phase

c) Immediately before the post-project evaluation

d) None of the above

Solutions

Expert Solution

At which point during the project life cycle would the best estimates for the project cost be completed?

b) The project implementation phase

It is because, in this stage the managers have the options to use the resources which are in the budget of the project. A manager can use the resources accordingly to best allocate the resources.


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