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List and Briefly Describe Four Reasons Why Estimating Time and Cost

question 53

Essay

List and briefly describe four reasons why estimating time and cost are important to project management.


Definitions:

Effective Options

Viable and efficient choices or strategies that can be implemented to achieve desired outcomes.

Immunosuppression

A reduction in the efficacy of the immune system, either naturally, as in some diseases, or induced, as by certain medications.

Defense System

The defense system is a psychological mechanism utilized to cope with reality and to maintain self-image by unconsciously denying or distorting reality.

Biofeedback

A technique that trains individuals to improve their health by controlling certain bodily processes that normally happen involuntarily, such as heart rate.

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