The Prevailing Belief in Some Firms That Detailed Estimating Takes

question 62

Short Answer

The prevailing belief in some firms that detailed estimating takes too much time and is not worth the effort or that it is impossible to predict the future is an example of the ________ factor.

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Definitions:

Purchasing

The process of acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.

Vendors And Suppliers

Businesses or individuals that provide products or services to other entities as part of the supply chain.

Payments

Transactions involving the transfer of money or valuables in exchange for goods, services, or to fulfill obligations.

Cost Reimbursable Contract

A type of contract where the purchaser agrees to pay the supplier for actual costs incurred plus a fee or profit.