This project management assignment analyzes the Roller Coaster Safety (RCS) project, addressing critical aspects such as cost estimation methodologies (bottom-up vs. top-down), advantages of outsourcing to Tron AG, and the impact of resource leveling on project timelines and quality. The analysis explores the conditions under which each cost estimation method is most suitable, highlighting the inexperienced management's preference for bottom-up estimates. It also outlines the benefits of outsourcing, emphasizing expertise and cost reduction, along with best practices for managing the outsourced team. Furthermore, the assignment evaluates potential conflicts arising from project deadlines, the effects of resource leveling, and utilizes the Cost Performance Index (CPI) to assess project efficiency and budget adherence. The conclusion provides actionable recommendations for the project manager to mitigate identified issues and ensure project success. The project is scheduled to be completed on 22nd December 2016, and the resource leveling changes the project's completion date to 28th December.
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