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Essay / Research Paper Abstract
This is a 3 page paper that provides an overview of project management costs and risk analysis. A continuation of a previously presented hypothetical situation is used to demonstrate techniques. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: KW60_KFprjmg3.doc
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Unformatted sample text from the term paper:
listed below. Citation styles constantly change, and these examples may not contain the most recent updates. Project Management Costs and Risks , 11/2010 --for
more information on using this paper properly! Some of the most important aspects of project management include the analysis of costs and risks associated with the project in question.
When it comes to the development of a new website to drive the companys online sales, by first identifying all the costs associated with the project, the projects managers will
be better able to draft an effective and useful budget for the project, thereby helping to ensure that the project is carried out successfully and without an excessive expenditure of
resources. The companys ongoing website development plan entails the collaborative efforts of several different groups: a team needed to perform inventory on the organizations stock and then enter that inventory
data into a computerized database for easy integration into the new web structure, a team to develop the actual website itself, a team to promote the website and its services,
and a team to perform ongoing maintenance to the website and keep things operating smoothly. Costs associated would include the cost to design and develop the website, the costs of
purchasing the associated technology (servers, cabling, etc.), the costs of performing and managing inventory, and the costs of promoting the website to generate the most returns. This paragraph helps the
student assess the particular types of costs associated with developing a website. Not all project-related costs represent the same types of expenditures, however. In order to have a full and
nuanced view of the project costs, one must distinguish between direct costs (costs tied directly to the project itself), and indirect costs (costs that occur as a secondary result of
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