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INF 337 Ashford University Wk 1 Importance of Cost Management Discussion

INF 337 Ashford University Wk 1 Importance of Cost Management Discussion

Question Description

Wk 1 Discussion 1:

Importance of Cost Management

The entire content of this course is to understand and be aware of costs and value in a project. Express one particular cost issue that you have seen as a project manager or team member that affected the project either positively or negatively. Clearly identify what was done to rectify the issue and describe the impact to the project.

Wk 1 Discussion 2:

Scope Management and Changes

A fundamental topic for the success of a project is the management of scope. The original scope of a project has cost assumptions to ensure project success. Provide a specific example from your experience or from examples in the text where a change in scope can impact the project financials. If you were the sponsor of this project, would you approve the change in scope knowing what you do now?

Required Text

Venkataraman, R., & Pinto, J. (2008). Cost and value management in projects. Retrieved from https://redshelf.com/

  • The full-text version of this e-book is available through your online classroom.

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