Why accurate estimate critical to project management


What are you thoughts on the given questions? I want some assistance getting started:

Problem 1. Why are accurate estimates critical to effective project management? What steps can project managers take to improve the accuracy of estimating projects?

Problem 2. What argument can you provide as to why a project's scope must be tied to the Work breakdown Structure (WBS)? What are the implications are if scope is not adhered to closely?

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Project Management: Why accurate estimate critical to project management
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