The Estimating Approach That Is Best to Use on Projects

question 82

Multiple Choice

The estimating approach that is best to use on projects where there is an unusual amount of uncertainty surrounding the project and when it is impractical to estimate times and costs for the entire project is known as ___________.

• A) range estimating
• B) parametric procedure
• C) template method
• D) phase estimating method
• E) WBS method

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Definitions:

Political Process

Involves the mechanisms and methods through which decisions, policies, and leaders are selected and implemented within a governing body or society.

Limited and Bundled Choices

Refers to a marketing strategy where consumers are offered packages or combinations of goods and services rather than allowing them to choose each component individually.

Sporting Goods Store

A sporting goods store is a retail business that specializes in selling sports equipment, outdoor gear, and related products.

Public Sector

The part of the economy that is controlled by the government and provides services to the public.