Complex Projects Such as Research and Development Projects Often Employ

question 16

Multiple Choice

Complex projects such as research and development projects often employ rolling wave planning to estimate project costs. Which of the following best describes "rolling wave" planning?

• A) Project managers render a definitive estimate for the next stage and an order of magnitude estimate for the remainder of the project.
• B) Project managers render an order of magnitude estimate for the next stage and a definitive estimate for the remainder of the project.
• C) Project managers render a definitive estimate for all stages of the project during the initiation stage.
• D) Project managers render an order of magnitude estimate for all stages of the project

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Definitions:

Open-System Model

A business or organizational approach that focuses on external interactions, recognizing the dynamic exchange between the organization and its environment.

Organizational Life Cycle

The progression through which an organization evolves over time, typically consisting of stages such as startup, growth, maturity, and decline.

Equifinality

The concept that in open systems, a given end state can be reached by many potential means, indicating multiple paths to achieve the same goal.

Biological Model

A representation in biology that explains processes or systems within an organism, often focusing on the physical and biochemical interactions.