University of San Francisco Project Risk Mitigation Paper

Question Description

I’m working on a management writing question and need an explanation and answer to help me learn.

Chapter. 5 Estimating Project Times and Costs

Chapter. 6 Developing a Project Plan

Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.

Also, provide a graduate-level response to each of the following questions:

Why is it difficult to estimate mega project (i.e., costs and benefits (i.e. airports, stadiums, etc.) costs and benefits?

Define what a “white elephant” is in project management? Provide a real life example.

Why bother creating a WBS? Why not go straight to a project network and forget the WBS?

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