Cost estimating can be extremely difficult. If you have no experience in this and you are now a project manager what do you do?
You and your team have just finished the cost estimate for the implementation of an electronic dispatching and data collection source for a large ground ambulance service and the total price is above what you have been given as funds available. What should you as Project manager do?
Delaying work in the project may delay some funding making budgeting easier. What are the advantages and disadvantages of this? (Some of this is time theory of money).
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