Describe Any Three Reasons That Cost Overruns Occur in Project

question 50

Essay

Describe any three reasons that cost overruns occur in project work.

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Definitions:

Connectionist Model

A cognitive model based on the concept that mental phenomena can be explained by interconnected networks of simple units.

Word Superiority Effect

The phenomena where letters are more easily recognized and processed when they are part of a word rather than when they are seen in isolation or in a string of unrelated letters.

Direct Perception

A theory of perception, proposed by Gibson, holding that information in the world is “picked up on” by the cognitive processor without much construction of internal representations or inferences. The emphasis is on direct acquisition of information.

Prototype Formation

Prototype formation is the process of creating a mental image or best example of a category, used in cognitive psychology to explain how people categorize information and objects.