1 Introduction

Project planning is the art and science of using the historical data, archived information, personal expertise, institutional memory, organizational knowledge, and project scope statement to predict a project’s resource expenditures, total cost, and duration. Project planning also includes developing guidelines for ensuring the quality of the deliverable, responding to adverse events, and dealing with the inevitable changes to the project plan.

To arrive at an estimate of the project’s cost and duration, the project manager will identify the various constituent physical elements and related activities that are necessary to meet the project’s objectives. Based on this information, the project manager will estimate the amount of ...

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