Should time and cost required to develop the planning, monitoring, and controlling systems be included as well when estimating time and cost to execute project?

When it comes to successfully executing a project, careful planning, monitoring, and controlling of the project is essential. Estimating the time and cost required to develop these systems should be included when estimating the overall time and cost to execute a project because they are integral components of managing any given project. Without proper planning, monitoring, and control systems in place, a project is unlikely to succeed as there will be no standardized way of keeping track of progress or responding quickly to unexpected changes or issues that arise during the course of execution.

In order for accurate estimates for developing planning, monitoring, and controlling systems (PMCS) to be provided during estimation stages of a project, it is important that stakeholders understand what each system entails. Planning involves determining activities required for successful completion of tasks within an agreed upon timeline; this includes creating specific objectives with deliverables outlined throughout different phases expected from all participants involved in a given process. Monitoring involves regularly checking on resources used such as labor hours utilized by workers assigned within particular functions; this ensures that resources are being allocated within set budget parameters without surpassing them beyond what has been previously approved by those overseeing the entire operation.

Should time and cost required to develop the planning, monitoring, and controlling systems be included as well when estimating time and cost to execute project?

Finally controlling requires strategies such as setting up checkpoints at various stages where deliverables can be inspected prior to proceeding further down its lifecycle; this helps identify potential issues early on before they become too costly or difficult to rectify if left unchecked until later stages further along into development cycles.

The actions necessary for PMCS should also be included in both the action plan as well as work breakdown structure (WBS). The action plan outlines general scope associated with projects broken down into chunks allowing for easier management and tracking progress throughout entire lifecycles while WBS allows for segmentation based upon tasks/activities needing completion along with estimated timelines identified per task so that deadlines can be assessed accordingly in relation towards achieving desired goals within predefined timescales.

Each item needs its own entry into WBS which would include establishing appropriate PMCS measures needed prior beginning anything else associated with individual tasks/deliverables helping ensure accuracy while avoiding unnecessary delays due to lack of proper attention put towards process-oriented. Steps involved in developing the said programs are necessary in maintaining internal levels quality assurance standards.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Homework Services
  • Chemistry Homework Help
  • Engineering Assigment Help
  • Physics Homework Help
  • Science Homework Help
  • Computer Science Homework Help
More Services
  • Biology Homework Help
  • Information Systems Homework Help
  • Civil Engineering Homework Help
  • Electronics Assignment Help
  • Data science Homework Help
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more