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Performing a cost benefits analysis

Question 1: When performing a Cost Benefits Analysis (CBA) CBA, how do you validate assumptions and apply reasonable costs?

Question 2: When a project manager formulates the project budget, should management reserves or contingencies be considered? What is the difference between the two and when should either be applied.

Question 3: How do you ensure that the requirements are fully developed and vetted by project SMEs so that the risk of a scope increase is low?

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