Identify and Briefly Describe Three Out of the Six Factors

question 45

Short Answer

Identify and briefly describe three out of the six factors that should be considered to improve the quality of estimates for project times and costs.

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Definitions:

CPI

A gauge of the weighted average cost of a selection of consumer goods and services, including transportation, healthcare, and food, known as the Consumer Price Index.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services.

Market Basket

A fixed list of items used to track the progress of inflation in an economy.

CPI

A gauge for inflation, the Consumer Price Index analyzes the weighted average price of a collection of consumer products and services.