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HW4 (4).docx - Bus Adm 748 Hw 4 DQ 5 The process in...

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Bus Adm 748 Hw 4 DQ 5: The process in determining a project budget “involves allocating the project cost estimate to individual material resources or work items over time” according to the book. In other words, it is estimating/determining cost, time and resources of several tasks/items- looking at each task/item individually and adding them up to create a baseline cost for a given project. DQ 6 Earned value management a technique that integrates scope, time and cost data. It is a means to approximately track the status of a given project. A reason EVM may not be used as often is due to a lack of information. When information is inaccurate or unavailable, which could lead to misinterpreting
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