A Project Manager Should Never Develop Time and Cost Estimates

question 43

True/False

A project manager should never develop time and cost estimates based on the resources used for previously developed information systems.

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Definitions:

Present Values

Refers to the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Capital Investment Proposals

Proposals for significant investments in long-term assets, often analyzed for their potential to generate future profits and cash flows.

Evaluating

The process of assessing or appraising the performance, value, or condition of an entity or component.

Capital Investment Analysis

The process of assessing the viability and potential return on investments in long-term assets.