Categories
Uncategorized

TMGT 458 Project Management: Estimating Project Costs Operates

$20 Bonus + 25% OFF

Securing Higher Grades Costing Your Pocket?
Book Your Assignment at The Lowest Price
Now!

Students Who Viewed This Also Studied

TMGT 458 Project Management

Question:

Part 1

Project Feasibility and estimating project costs/budgetary requirements Considering the above. If an organization is thinking of commencing operations in a foreign jurisdiction – how useful do you feel a PESTLE analysis is for collecting/collating information to inform a feasibility study and therefore be a progenitor to a project business case?

Part 2

Wto what degree do you think that ‘stakeholder management’ is a bit of a ‘lip service’ ‘buzzword’ – when we consider how a project’s control system (i.e. monitoring; reporting; ownership/accountability and communication protocols) operates – in reality how much attention is actually paid to watching the environment and understanding shifts in stakeholders (who they are, what they want, etc.) – so that an organization doesn’t get caught ‘napping?’ Have a look at the Brent Spar debacle.

I think that a crucial part of any stakeholder management plan should be to verify and continually update stakeholder expectations – to ensure that key parties (whomever they may be) are fully aware of project costs – why do you think misalignment of stakeholder expectations is crucial for project cost management?

Part 3

1. Discounted Cash Flow, it’s calculation and NPV. techniques such as ARR and payback – what do all of these things mean to project investment appraisal? What about sources of finance – what are the alternatives available to an organization?

2. Stakeholder management and knowledge management – how/what do these mean to projects and their management?

3 the project lifecycle – various components such as planning/scope, dealing with change

Part 4

I would like to raise the issue of ‘corporate knowledge management’ – without being cynical and jaded – why does it seem (by and large) particularly within the International Oil and Gas Industry that this appears to be a ‘lip service’ exercise. I had conversations last year with several operators and asked them to show me their project ‘lessons learnt’ documents – an incredible response – 1 sent me tons of information relative to purchasing and schedule, and the way the other 2 handled this surprised me in the extreme!

Surely – the concept of ‘what did we do right/wrong?’ What does this tell us – how can we avoid this? is worth spending some time on. Here’s a simple example (no names, no pack drill)

A company decides to drill a well (being very simplistic here) – they decide that they will need 500 lengths of drill pipe. So they raise a PO and purchase it. Then they discover at some later date that they actually had 200 joints left in inventory. A while later there’s another well being drilled, they need 400 lengths of drill pipe – so they purchase them. A little while later they discover that they already had 350 joints in inventory from past projects. what does this say about so many things?? Believe it or not guys – I see this kind of stuff on projects all over the world all the time – waste and therefore cost like the fishing tool rented out per day – used 1 afternoon for a few hours- drill crew tidies up drill floor – someone puts tool out of the way under the V door – found 6 months later – rental invoice settled every month

Another aspect of this worthy of discussion is to consider what the nature of/difference is between data, knowledge and information

Part 5

Estimating project costs as we have established the ‘Iron Triangle’ tends to be representative of the constraints under which a project operates. Again, as discussed we realize that a significant operational setback is often due to a stakeholder (client) deciding to make a change to the project scope – perhaps for something more, something less or a different specification (i.e. quality specification) – what in your opinion do you feel are some of the other factors that might cause an estimation of project costs to escalate?

TMGT 458 Project Management

Answer in Detail


Solved by qualified expert

Get Access to This Answer

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

18 More Pages to Come in This Document. Get access to the complete answer.

More TMGT458 TMGT 458 Project Management: Questions & Answers

Management

Learning Outcomes: Knowledge and Understanding tested in this assignment:Identify a range of tools and techniques and apply them to aid strategic analysis, strategic choice and implementation of strategy    Learning Outcomes: Skills and Attributes tested in this assignment:Apply tools …

View Answer

Business Management

Need to make a business proposal > how to commercialize the service model? whether to sell or license or franchise? > also whether to commercialize the service model in bundle ( like whole) or in parts? …

View Answer

PROJ6003 Project Execution and Control

Learning Outcomes1.    Draw on tools and techniques of sourcing project data, develop a range of processes and measures to manage scope, change and quality on complex global projects.Part A: Module 1-2 Discussion ForumsManaging Project ChangesWhy is change management a necessary compo …

View Answer

Management

Develop resourcing, risk and leadership/managing plans as part of project managing this 3-day music festival in country Victoria. In doing so, consider the complexities associated with managing a music festival with crowd size of 8,000-12,000. You may use an adaptation of relevant LMS templates, but …

View Answer

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the
content removal request.

Choose Our Best Expert to Help You

Tyler Simpson

PhD in Human Resource Management with Specialization in Workplace Climate Concerns

547 – Completed Orders

Hire Me

Jessica Fuller

paediatrician in the USA, and have acquired my degree on Paediatrics from University of Los Angeles.

650 – Completed Orders

Hire Me

Still in Two Minds? The Proof is in Numbers!

38983 Genuine Reviews With a Rating of 4.9/5.

Business Law

Assignment: 1 Page, Deadline:
20 days

Good work but there missing w6 answer. moreover i think few questions required explanation i think can explain little more.

User ID: 8***63 Australia

Civil Law

Home Work: 6 Pages, Deadline:
7 days

Assignment delivered before the deadline. Great work by the team and appreciate the support.

User ID: 8***13 Canberra, Australia

Economics

Assignment: 3.2 Pages, Deadline:
3 days

The assisgnment was properly written with great content and structure. Thank You for the assistance.

User ID: 1***22 Canberra, Singapore

Management

Home Work: 2 Pages, Deadline:
9 days

I am glad to use assignment help. I get nice assignment help from the different trainers.

User ID: 4***45 Canberra, Australia

Psychology

Thesis: 1 Page, Deadline:
6 days

I am very satisfied the work your company does. My papers have never looked so good. Thank you very much for this.

User ID: 8***47 Canberra, Singapore

Management

Essay: 4.4 Pages, Deadline:
18 hours

Thank you for the effort of both the author and the expert. Thank you for the effort. The topic is excellent, and I hope to continue at this high leve …

User ID: 9***3 Canberra, Kuwait

HRM

Assignment: 3 Pages, Deadline:
4 days

very good paper, all aspects covered by the author, which was not easy given the scope

User ID: 3***61 Budapest, Hungary

Management

Home Work: 2 Pages, Deadline:
15 days

The information provided is very clear and used good examples and references. There are no grammatical mistakes at all and the standard of writing is …

User ID: 7***15 Berlin, Germany

Nursing

Assignment: 1 Page, Deadline:
5 days

Thank you for the quality assignment , I always trust and get good mark from assignment help . Thank you for helping .

User ID: 4***73 Berlin, Australia

Healthcare

Assignment: 8 Pages, Deadline:
3 days

I have passed my assignment. I got my assignment back on time. Thank you very much.

User ID: 6***42 Berlin, Australia

Psychology

Essay: 8 Pages, Deadline:
10 days

Good work. I will do business again. Great customer service. Greta expert…….

User ID: 8***51 Berlin, United Arab Emirates

Assignment

Home Work: 3 Pages, Deadline:
5 days

I love the work your company does. My papers have never looked so good. Thank you very much for this.

User ID: 5***00 Berlin, United States

Healthcare

Assignment: 4 Pages, Deadline:
5 days

I got a good grade on this paper thank you for help and I will order more papers

User ID: 7***29 Garden City, United States

Accounting

Programming: 2.8 Pages, Deadline:
3 days

like the work and the way of writing and the marks was good as i got 79 marks and i like the formate of the writing.

User ID: 6***31 Leichhardt, Australia

Management

Assignment: 7 Pages, Deadline:
5 days

the paper was well written and I passed thank you for your service I would pay again

User ID: 7***29 Garden City, United States

Economics

Assignment: 2 Pages, Deadline:
20 hours

The assignment was received on time and I have to check the assignment and will get back for the feedback thank you

User ID: 8***40 Vancouver, Canada

Accounting

Course Work: 0 Pages, Deadline:
11 hours

Everything was met and done perfectly! It hasn’t been graded but through the explanations, I was able to understand the assignment and how the expe …

User ID: 8***57 Vancouver, Canada

HRM

Assignment: 9 Pages, Deadline:
2 days

Got the great and satisfied result. Thank you the expert team. But the expert team need to write more real and work life example for each assignment i …

User ID: 4***0 Central District, Hong Kong

Management

Home Work: 9 Pages, Deadline:
2 days

Got the great and satisfied result for this assignment. Thank you the expert team, but give little suggest to the team, the assignment need to more re …

User ID: 4***0 Central District, Hong Kong

Management

Assignment: 8 Pages, Deadline:
8 hours

Really impressed by your work. the report really good. all the points are detailly explained and the report format looks great.

User ID: 4***87 Melbourne, Australia

Business Law

Assignment: 1 Page, Deadline:
20 days

Good work but there missing w6 answer. moreover i think few questions required explanation i think can explain little more.

User ID: 8***63 Australia

Civil Law

Home Work: 6 Pages, Deadline:
7 days

Assignment delivered before the deadline. Great work by the team and appreciate the support.

User ID: 8***13 Canberra, Australia

Economics

Assignment: 3.2 Pages, Deadline:
3 days

The assisgnment was properly written with great content and structure. Thank You for the assistance.

User ID: 1***22 Canberra, Singapore

Management

Home Work: 2 Pages, Deadline:
9 days

I am glad to use assignment help. I get nice assignment help from the different trainers.

User ID: 4***45 Canberra, Australia

Psychology

Thesis: 1 Page, Deadline:
6 days

I am very satisfied the work your company does. My papers have never looked so good. Thank you very much for this.

User ID: 8***47 Canberra, Singapore

Management

Essay: 4.4 Pages, Deadline:
18 hours

Thank you for the effort of both the author and the expert. Thank you for the effort. The topic is excellent, and I hope to continue at this high leve …

User ID: 9***3 Canberra, Kuwait

HRM

Assignment: 3 Pages, Deadline:
4 days

very good paper, all aspects covered by the author, which was not easy given the scope

User ID: 3***61 Budapest, Hungary

Management

Home Work: 2 Pages, Deadline:
15 days

The information provided is very clear and used good examples and references. There are no grammatical mistakes at all and the standard of writing is …

User ID: 7***15 Berlin, Germany

Nursing

Assignment: 1 Page, Deadline:
5 days

Thank you for the quality assignment , I always trust and get good mark from assignment help . Thank you for helping .

User ID: 4***73 Berlin, Australia

Healthcare

Assignment: 8 Pages, Deadline:
3 days

I have passed my assignment. I got my assignment back on time. Thank you very much.

User ID: 6***42 Berlin, Australia

Psychology

Essay: 8 Pages, Deadline:
10 days

Good work. I will do business again. Great customer service. Greta expert…….

User ID: 8***51 Berlin, United Arab Emirates

Assignment

Home Work: 3 Pages, Deadline:
5 days

I love the work your company does. My papers have never looked so good. Thank you very much for this.

User ID: 5***00 Berlin, United States

Healthcare

Assignment: 4 Pages, Deadline:
5 days

I got a good grade on this paper thank you for help and I will order more papers

User ID: 7***29 Garden City, United States

Accounting

Programming: 2.8 Pages, Deadline:
3 days

like the work and the way of writing and the marks was good as i got 79 marks and i like the formate of the writing.

User ID: 6***31 Leichhardt, Australia

Management

Assignment: 7 Pages, Deadline:
5 days

the paper was well written and I passed thank you for your service I would pay again

User ID: 7***29 Garden City, United States

Economics

Assignment: 2 Pages, Deadline:
20 hours

The assignment was received on time and I have to check the assignment and will get back for the feedback thank you

User ID: 8***40 Vancouver, Canada

Accounting

Course Work: 0 Pages, Deadline:
11 hours

Everything was met and done perfectly! It hasn’t been graded but through the explanations, I was able to understand the assignment and how the expe …

User ID: 8***57 Vancouver, Canada

HRM

Assignment: 9 Pages, Deadline:
2 days

Got the great and satisfied result. Thank you the expert team. But the expert team need to write more real and work life example for each assignment i …

User ID: 4***0 Central District, Hong Kong

Management

Home Work: 9 Pages, Deadline:
2 days

Got the great and satisfied result for this assignment. Thank you the expert team, but give little suggest to the team, the assignment need to more re …

User ID: 4***0 Central District, Hong Kong

Management

Assignment: 8 Pages, Deadline:
8 hours

Really impressed by your work. the report really good. all the points are detailly explained and the report format looks great.

User ID: 4***87 Melbourne, Australia

Have any Query?

Get Homework Help Online From Expert Tutors

X
WeCreativez WhatsApp Support
Our customer support team is here to answer your questions. Ask us anything!
👋 Hi, how can I help?