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Different Kinds of Behaviours of Managers
At this point, what would you do if you were the project manager?As I project manager, I would present all the data & numbers collected from bottom up approach on time and cost estimates for the deliverables. I would make it clear that project cost is overrun around 20% by $1250000 and time is four months over than estimated by senior management. I would tell them that initial estimates were made on macro level however as per estimates at work package level I would need more time and money, for this project to be a success. Bottom up cost and time estimate is done by experienced and knowledgeable people working on project.

Was top management acting correctly in developing an estimate?No, top management decided on cost and time of this project at macro level and only considered major deliverables, product launch date & cost estimate based on prior experience. They based their estimates on top down approach without getting any input from people doing the workWhat estimating techniques should be used for a mission critical project such as this?The best estimating technique would be to use bottom up estimates at the work package level. This way we can check resource requirement from people doing the work and who are most knowledgeable. Then, the time, resource and cost estimates from the work package can be consolidated into networks, schedules and budgets that are used for control. The bottom up approach also provides the customer with an opportunity to compare the low cost, efficient method approach with any imposed restrictions.

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(2017, 11). Different Kinds of Behaviours of Managers. EssaysForStudent.com. Retrieved 11, 2017, from
“Different Kinds of Behaviours of Managers” EssaysForStudent.com. 11 2017. 2017. 11 2017 < "Different Kinds of Behaviours of Managers." EssaysForStudent.com. EssaysForStudent.com, 11 2017. Web. 11 2017. < "Different Kinds of Behaviours of Managers." EssaysForStudent.com. 11, 2017. Accessed 11, 2017. Essay Preview By: sheets Submitted: November 16, 2017 Essay Length: 260 Words / 2 Pages Paper type: Coursework Views: 275 Report this essay Tweet Related Essays The Four Functions of Management Management is accomplished through four functions of management: planning, organizing, leading, and controlling. According to Bateman-Snell, planning is the management function of systematically making decisions 806 Words  |  4 Pages Human Resource Management: Selecting and Appraising Your Future Staff Human Resource Management: Selecting and Appraising Your Future Staff The process of staff recruitment and selection is becoming increasingly complex and its integration into organizational 2,799 Words  |  12 Pages Behaviour Management 721 Words  |  3 Pages The Impact of Leader Behaviour on Trust in Management and Co-Workers SA Journal of Industrial Psychology, 2002, 28 (4), 29-34 SA Tydskrif vir Bedryfsielkunde, 2002, 28 (4), 29-34 THE IMPACT OF LEADER BEHAVIOUR ON TRUST IN 5,773 Words  |  24 Pages Similar Topics Management Toyota Hybrid Marketing Management Get Access to 89,000+ Essays and Term Papers Join 209,000+ Other Students High Quality Essays and Documents Sign up © 2008–2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers Essays Sign up Sign in Contact us Site Map Privacy Policy Terms of Service Facebook Twitter

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Sa Tydskrif Vir Bedryfsielkunde And Cost Estimates. (July 2, 2021). Retrieved from https://www.freeessays.education/sa-tydskrif-vir-bedryfsielkunde-and-cost-estimates-essay/