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Reflect on the assigned readings for and then type a two-page paper regarding what you thought was the most important concept(s), method(s), the term(s), and/or any other thing that you felt was worthy of your understanding. Define and describe what you thought was worthy of your understanding in half a page, and then explain why you felt it was important, how you will use it, and/or how important it is in project management processes and methodologies.

Project Management: Processes, Methodologies, and Economics

Third Edition

Chapter 11

Project Budget

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Table 11-1 The Top-Down Approach to Budget Preparation

Table 11-2 Bottom-Up Approach to Budget Preparation

Table 11-3 Project Activity Durations and Costs

Table 11-4 Cash Flow of an Early-Start Schedule

Table 11-5 Cash Flow of the Late-Start Schedule

Figure 11-1 Cash Flow for Early-Start and Late-Start Schedules

Figure 11-2 Cumulative Cash Flow for Early-Start and Late-Start Schedules

Figure 11-3 Typical Time-Cost Tradeoff Curve

Table 11-6 Duration and Cost for Normal and Crashed Activities

Table 11-7 Crashing the Project (Cost in $1,000, Duration in Weeks)

Table 11-8 Project Costs as a Function of its Duration

Figure 11-4 Example Project Cost as a Function of Its Duration.

Table 11-9 Parametric Solution to Time–Cost Tradeoff Example (Cost in $, Duration in Weeks)

Table 11-10 Breakdown of the Budget by Organizational Units

Table 11-11

Table 11-12

Table 11-13

Table 11-14

Table 11-15

Table 11-16

Figure 11-5 A O A Network for Exercise 11-9

Table 11-17

Figure 11A-1

Figure 11A-2

Figure 11A-3

Figure 11A-4

Figure 11A-5

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