A Key for Developing Project Cost Estimates Is To

question 96

Multiple Choice

A key for developing project cost estimates is to:

• A)Cost the project while considering the total package.
• B)Cost the project on a work package and task basis.
• C)Cost the project on a major module basis.
• D)Cost the project and add 33% for contingency.

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Definitions:

Personal Effort

The amount of energy, time, or commitment one puts into an activity or task to achieve desired results or goals.

Organizational Effort

The collective energy, work, and actions employees put into achieving the objectives and goals of their organization.

Passive-Aggressive

A defensive mechanism where individuals express negative feelings, resentment, or aggression in indirect ways instead of openly addressing them.

Red Tape

Excessive bureaucracy or adherence to rules and formalities, often hindering decision-making and efficient operation.