Understanding the forecasted cost at completion
Problem: Why is it important for management to understand the forecasted cost at completion (FCAC)? What if the FCAC is less than the original expected budget? Will they still want to know the details?
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Explain how IFRS defines a contingent liability and provide an example.Briefly describe some similarities and differences between GAAP and IFRS
Problem 1: Identify the problems identified in the case. Evaluate the options of possible solutions presented by the authors.
Select a project that needs capital investment, such as community-based prenatal-care for substance-abusing mothers.
What are some issues that project managers need to be mindful of during the final stages of projects? What does the term "maturity" mean in project management?
Why is it important for management to understand the forecasted cost at completion (FCAC)?
What are contingency costs? How can you incorporate them into your project planning?
What are some of the ways that a project manager can use budgeting plans to track and compare actual data on project progress?
Problem (1) Why is it critical to the success of the project to understand the critical path?
How do you see the Project Charter content feeding into the Project Scope Statement? Why is it important to clearly define the project scope?
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