August 1997
PM217: PROJECT MANAGEMENT

QUESTION 4

Total Marks: 20 Marks

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SUGGESTED SOLUTIONS
for Question 4
4. (a) Describe, using examples, two traditional approaches to cost estimation. [6]
(b) Describe five causes of poor cost estimation. [10]
(c) Name two strategies for dealing with poor estimates. When might each of these strategies be employed? [4]