Small-Project Cost Estimating at Percy Company Paul graduated from college in Ju
ID: 3588152 • Letter: S
Question
Small-Project Cost Estimating at Percy Company Paul graduated from college in June 2000 with a degree in industrial engineering. He accepted a job as a manufacturing engineer in the Manufacturing Division of Percy Company. His prime responsibility was performing estimates for the Manufacturing Division. Each estimate was then given to the appropriate project office for consideration. The estimation procedure history had shown the estimates to be valid. In 2005, Paul was promoted to project engineer. His prime responsibility was the coordination of all estimates for work to be completed by all of the divisions. For one full year, Paul went by the book and did not do any estimating except for project office personnel manager. After all, he was now in the Project Management Division, which contained job descriptions including such words as "coordinating and integrating."Explanation / Answer
Answer 1: yes, Paul should be Permitted, because he has an experience of 5 years from 2000-2005.
Answer 2: No, Paul should not have shown his estimate it the functional manager, because the functional manager is not have estimation capability.
Answer 3: Not really, because 5 project done by Paul with the estimate amount. For small project it is not necessary.
Answer 4: yes, taking the help from line manager would avoid the cost overrun for the small project. As from the case study shows that first 5 project was successful estimate by Paul, but the sixth one was overrun the cost.
Answer 5: Any one project fails will affect the quarterly result. It will affect the organization image as a globally. Inefficient planning will result into disaster. As in case study it shown that different role has different responsibility. As Inaccurate estimation of the costing will turn to a big loss.
Answer 6: Lack of Project Planning will consequence the Project Failure. Planning is the foundation for the projects. Without proper planning project will perform poorly and it may be the disaster for organization.
As shown in the case study in the year 2006, while estimate the sixth project by Paul overrun the budget $20,000.Lack of planning and controlling will have multiple side effect
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