All of the Following Factors Must Be in Place in Order

question 22

Multiple Choice

All of the following factors must be in place in order to develop an analogous estimate effectively EXCEPT:

• A) An organization must know details behind the time value of money.
• B) An organization must know how the proposed project differs from the previous project.
• C) An organization must have experience in performing similar projects.
• D) An organization must know how much previous projects actually cost.

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Definitions:

Theoretical Foundation

The fundamental principles and assumptions that form the basis for a particular theory or field of study.

ERG Theory

A theory proposed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth, modifying Maslow's hierarchy of needs.

Maslow's Needs

A theory of psychological development outlined by Abraham Maslow that proposes a hierarchy of human needs, from basic physiological needs to self-actualization.

Human Motivation

The internal drive that propels individuals to take action, achieve goals, and satisfy needs and desires.