Complex Projects Such as Research and Development for New Products

question 34

Multiple Choice

Complex projects such as research and development for new products often employ rolling wave planning to estimate costs.Which of the following best describes "rolling wave" planning? 

• A) Project managers render a definitive estimate for the first stage and an order of magnitude estimate for the remainder of the project. 
• B) Project managers render an order of magnitude estimate for the first stage and a definitive estimate for the remainder of the project. 
• C) Project managers render definitive estimates for all stages of the project during initiation. 
• D) Project managers render an order of magnitude estimate for all stages of the project.

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Definitions:

Nature and Nurture

A debate concerning the relative importance of an individual's innate qualities (nature) versus their personal experiences (nurture) in determining or causing differences in physical and behavioral traits.

Determinism

The philosophical view that all events, including moral choices, are completely determined by previously existing causes.

Predictable

Describing an event or outcome that can be foreseen or anticipated based on current knowledge or patterns.

Behavior

The actions or reactions of an individual or group in response to external or internal stimuli.