In Developing Time and Cost Estimates, Project Managers Must Consider

question 63

Multiple Choice

In developing time and cost estimates, project managers must consider _____.

• A) project size and scope
• B) IT resources
• C) prior experience with similar projects or systems
• D) all of the above

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Definitions:

Revaluation Approach

A method of accounting that involves periodic updating of the carrying value of an asset or liability to its current market value.

Net Assets

The total assets of a company minus its total liabilities, representing the owners' equity.

Indirect Ownership Interests

Refers to ownership in an entity through intermediary entities rather than direct control or ownership of the underlying assets.

Direct Ownership Interests

Ownership interest in an asset or entity without intermediaries, implying direct control or influence over the asset or entity.