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Each group will choose a fictional project scenario (e.g., construction, software development, event planning). Within your group, collaboratively develop a cost management plan for the assigned project. Discuss and oytline the key components of the cost management plan, such as cost estimation methods, budgeting procedures, cost control strategies, roles and responsibilities, level of accuracy, unit of measurement etc. Consider various cost-related scenarios (risks) that may arise during the project.
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