Discussion 3- Strategy applied in Project Mngt

Chapter. 5 Estimating Project Times and Costs Chapter. 6 Developing a Project Plan Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion. Also, provide a graduate-level response to each of the following questions: Why is it difficult to estimate mega project (i.e., costs and benefits (i.e. airports, stadiums, etc.) costs and benefits? Define what a “white elephant” is in project management? Provide a real life example. Why bother creating a WBS? Why not go straight to a project network and forget the WBS? Text- Title: Project Management: The Managerial Process  ISBN: 9781260238860  Authors: Clifford F. Gray, Erik W. Larson  Publisher: McGraw-Hill Education  Publication Date: 2020-01-09