1. Briefly describe “critical path.” Be sure to include in your description how critical path is determined, and why it is important. 2. Describe the budgeting process for your selected project. Was...

1.    Briefly describe “critical path.” Be sure to include in your description how critical path is determined, and why it is important.


2.    Describe the budgeting process for your selected project. Was bottom-up, top-down, or program budgeting used? Who was involved in the budgeting process? How were costs estimated? What steps are in place to control costs? What steps can be taken to make controlling costs easier?


3.    Compare and contrast the advantages and disadvantages of top-down and bottom-up budgeting.


4.    Compare and contrast the different schedule and budget estimating tools and techniques available to project managers.


5.    Which should you estimate first: schedule or budget, and why?