Assume you are either Mike or Josh; how would you go about making a decision using project management methodology?

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Assume you are either Mike or Josh; how would you go about making a decision using project management methodology?

Assignment Workload:
This Assignment comprise of a Case Study questions.
Assignment is to be submitted by each student individually.

Assignment Purposes/Learning Outcomes:
After completion of Assignment-2 students will able to understand the
Defining the concepts, theories and approaches of project management. (L.O-1.1)
Analyze to work effectively and efficiently as a team member for project related cases. (L.O-3.1)
Evaluate to monitor and control the project. (L.O-3.2)

Assignment-2: Case Study
Assignment Case study Question: (Marks 10)
Please read the Case-5.2 “Post Graduation Adventure.” from Chapter 5 “Estimating Project Times and Costs” given in your textbook – Project Management: The Managerial Process 8th edition by Larson and Gray page no: 93 also refer to specific concepts you have learned from the chapter to support your answers. Answer the following questions.
Case study questions
Assume you are either Mike or Josh; how would you go about making a decision using project management methodology? Explain in 150 words (3 Marks).
Looking first at only cost, what decision would you make? Explain in 150 words (3 Marks).
After cost, what other factors should be considered before making a decision? Explain in 200 words (4 Marks)
Answers:

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