Contingency Costs in the Project Costs Estimate, Also Referred to as ____

question 102

Multiple Choice

Contingency costs in the project costs estimate, also referred to as ____, are to cover unexpected situations that may come up during the project, such as items that may have been overlooked when the initial project scope was defined, activities that may have to be redone because they may not work the first time (redesigns) , or a high probability or high impact risk that may occur.

• A) auxiliary funds
• B) withholding
• C) reserves
• D) capital funds

---

Definitions:

Gordon Allport

A pioneering psychologist known for his theory of personality traits and emphasis on the uniqueness of the individual.

Pessimistic Image

A negative outlook or representation, often reflecting expectations of unfavorable outcomes.

Unconscious Forces

Psychological forces not immediately available to consciousness, influencing thoughts, feelings, and behaviors.

Neurotics

Individuals who experience emotional distress and maladaptive coping mechanisms, significantly impacting their functionality.