According to CCPM

question 60

Multiple Choice

According to CCPM:

• A)using a point estimate for activity times is the best approach to project duration estimation.
• B)the primary causes of inaccurate duration estimation are behavioral in nature.
• C)there are a number of ways that project members should add safety to estimated lengths of activities.
• D)there are a number of ways that project members should add buffer to the estimated length of activities.

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Definitions:

Offshore Locations

Sites or jurisdictions outside a country's borders where businesses can operate under favorable legal, tax, or regulatory conditions.

Labor Costs

The total expenses incurred by employers to compensate their workforce, including wages, benefits, and taxes.

Dual Sourcing

A source strategy in which firms produce products in-house to ensure quality and availability while also purchasing the same products from suppliers in order to force competition and push innovation within the in-house unit.

Reshoring

The process of bringing manufacturing and production back to a company's original country from overseas to benefit from lower costs, better quality control, or tighter supply chain management.