The Smaller the Level of Confidence,the ______ Precise the Estimate

question 34

Multiple Choice

The smaller the level of confidence,the ______ precise the estimate.

• A) more
• B) less

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Definitions:

Normal Time

The amount of time typically required to complete a task or process under standard conditions, often used in planning and scheduling.

Standard Time

The amount of time allowed for the completion of a job or task based on average speed under normal conditions.

Variable Allowance

An adjustment in cost or time estimates to accommodate changes or variations that may occur in project planning or execution.

Allowance Factor

A factor or percentage added to an estimate to account for uncertain conditions, providing a margin for error or unforeseen costs.