What other factors should be considered before making a decision?

Assignment Case study Question:(Marks 15)

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

1.Assume you are either Mike or Josh; how would you go about making a decision using project management methodology? Explain in 250 words (5 Marks).

2.Looking first at only cost, what decision would you make? Explain in 250 words (5 Marks).

3.After cost, what other factors should be considered before making a decision? Explain in 250 words (5 Marks)