Often, the Sum of the Initial Estimated Costs Is Greater

question 45

Multiple Choice

Often, the sum of the initial estimated costs is greater than the amount of funds budgeted by the sponsor.What should be done to arrive at an acceptable budget amount?

• A) Cut the cost of the highest priced activity in half until the budget is reached.
• B) Trade experienced and efficient resources for less experienced and less efficient resources.
• C) Revise the budget expecting that several iterations may need to be made to reduce the costs.
• D) Extend the scope of the project.

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Definitions:

Pro-democracy Demonstrations

Public protests or gatherings advocating for democratic reforms, greater political freedoms, or the establishment of a more democratic governmental system.

Parliamentary Democracy

A democratic form of government in which the executive branch derives its legitimacy from and is accountable to the legislature (parliament), with the head of government typically being a member of the majority party.

Emigration

The act of leaving one's country or region to live in another, motivated by factors such as economic opportunities, political asylum, or family reunification.

Asia

The largest continent on Earth, known for its vast diversity in cultures, languages, and geographical landscapes.