Probably the Most Reliable Method for Estimating Time and Cost

question 77

Short Answer

Probably the most reliable method for estimating time and cost is to use the _______ and to ask the people responsible for the work package to make the estimates.

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Definitions:

Target Return

The desired profit or yield that an investor aims to achieve on an investment over a specific period.

Pricing Strategy

A plan or approach used by businesses to set prices for their products or services, aiming to achieve maximum profitability.

Sales Orientation

A business approach that focuses primarily on the sale of products or services, rather than understanding and meeting the needs of the customers.

Pricing Strategy

A plan or method used by companies to determine the best price for their products or services to maximize profits and meet market demands.