Estimates That Are Typically Based on Estimates of Elements Found

question 12

Short Answer

Estimates that are typically based on estimates of elements found in the work breakdown structure are called ________ estimates.

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Definitions:

Internal Locus

A psychological concept referring to individuals who believe they have control over their life events and outcomes.

High Need

A strong requirement or demand for something, often driven by essential or critical factors.

Self-confidence

A belief in one's own abilities and judgment, which enables individuals to face challenges with optimism and assurance.

Risk Takers

Individuals or entities that are willing to undertake actions with uncertain outcomes, potentially leading to significant rewards or failure.