Multiple Choice
The estimate providing the best accuracy for total project cost comes from (circle one) :
A) looking at the project as a whole
B) combining estimates from all the work packages
C) looking at the cost of similar, completed projects
D) the cost constraint specified by the customer.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Statement: The project cost estimate is derived
Q8: A contingency amount can be (circle one):<br>A)
Q9: The major problem with using traditional budgets
Q10: Statement: The feasible budget region is developed
Q11: Statement: Life cycle costs are the same
Q13: Statement: The parametric method of cost estimating
Q14: Statement: In general, high precision in an
Q15: Which method relies on formulae and tables
Q16: Statement: The net present worth of the
Q17: Statement: When we speak of recurring costs,