The Tendency to Over-Estimate Project Time and Cost in Order

question 52

Short Answer

The tendency to over-estimate project time and cost in order to improve the likelihood of meeting the estimates is known as the ________ factor.

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Definitions:

Not Proprietary

Refers to something that is not owned or controlled by a specific entity and is open for use by anyone.

Economic Growth

An increase in the production of goods and services in an economy over a period, typically reflected as a percentage increase in real GDP.

Doubling Inputs

When the quantities of all inputs used in the production process are increased by the same proportion.

Foreign Direct Investment

is an investment made by a firm or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.