Poor Initial Scope Development and Work Breakdown Structure Often Creates

question 99

Multiple Choice

Poor initial scope development and work breakdown structure often creates cost overruns that are attributable to:

• A)Lack of definition.
• B)Deliberate low initial estimates.
• C)Unexpected technical difficulties.
• D)External factors.

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Definitions:

Marginal Product

Marginal product is the additional output generated by using one more unit of a particular input while keeping other inputs constant.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource, all other factors being constant.

Resource Productivity

The ratio of output (goods and services) produced per unit of resource input, used to assess the efficiency of resource use.

Ceteris Paribus

A Latin phrase meaning 'all other things being equal,' used in economics to isolate the effect of one variable on another by holding all other relevant factors constant.