Explain the concept of estimate activity costs list and, Operation Management

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Explain the concept of estimate activity costs list and

a.-Explain the concept of Estimate Activity Costs. List and explain the 7 elements that can be included when determining the estimated cost of activities.

b.-Why is it important to develop a time-phased baseline budget for a project?

c.-Describe the project budgeting process.

d.-Discuss the approaches to control the project budget.

Please, brief and concise answers. Around 300 words in total.

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