What This Document Is
This document is a completed seventh homework assignment for IT Project Management (CIT 4853) at Arkansas State University, submitted by Frankisa Surani on April 6, 2021. It addresses key concepts related to project cost management.
Why This Document Matters
This assignment is intended for students enrolled in the course. It serves as a demonstration of understanding of core principles discussed in Chapter 7, likely assessed for completion and comprehension of the material. It’s valuable for students seeking examples of how to approach similar assignments.
Common Limitations or Challenges
This is a student’s completed work, and should not be used as a substitute for independent study or understanding of the course material. It represents one interpretation of the assignment questions.
What This Document Provides
The assignment includes responses to three questions: one discussing why IT professionals may overlook cost management, another explaining basic cost management principles (profits, life cycle costs, tangible/intangible costs, direct/indirect costs, and reserves), and a final question defining sunk costs with examples. This preview does *not* include the full reasoning or detailed examples provided within each answer, nor does it include any additional course materials.
