project management discussion

User Generated

bheg

Business Finance

Description

How do you estimate project costs?

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Explanation & Answer

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1: Control baseline costs

2: Acknowledge hidden IT spending impacts

3: Understand long-term application costs

4: Understand IT cost estimation truths

5: Leverage current system investments

6: Implement short-term cost cutting measures

7: Implement long-term cost cutting measures

8: Implement pricing and chargeback mechanisms

9: Use governance to drive IT investment decisions

10: Quantify the value/benefit proposition for IT investments

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