Refining Estimates May Be Necessary for a Number of Reasons

question 56

Multiple Choice

Refining estimates may be necessary for a number of reasons. For example, people working on prototype development needing time to interact with the design engineers after the design is completed is a good example of

• A) hidden interaction costs.
• B) things going wrong on a project.
• C) normal conditions not applying.
• D) changes in project scope.
• E) the customer not being clear about their expectations.

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Definitions:

Binding

A term describing an agreement or contract that is legally enforceable and must be adhered to by all parties involved.

Restrictive Covenant

A clause in a deed or lease that limits what the owner of the property can do with it, often to ensure the property's value or character is maintained.

Clause

A specific provision or section within a contract or legal document that stipulates specific terms, conditions, or obligations.

Public Policy

Principles and standards considered by governments in managing their affairs, aiming to ensure the community's welfare and interests.