The cost impact of a risk event occurring as a project proceeds through its life cycle tends to A. Slowly rise B. Slowly drop C. Drop sharply and then level out D. Rise sharply and then level out

The cost impact of a risk event occurring as a project proceeds through its life cycle tends

to

A. Slowly rise

B. Slowly drop

C. Drop sharply and then level out

D. Rise sharply and then level out
by

1 Answer

Answer :

A. Slowly rise
by

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Cost budgeting can be best described by which of the following? 1. The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that could occur during the project 2. The process of assembling and predicting costs of a project over its life cycle 3. The process of establishing budgets, standards, and a monitoring system by which the investment cost of the project can be measured and managed 4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on- going basis

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The accuracy of an estimate should: a. decrease as a project progresses through its life cycle. b. increase as a project progresses through its life cycle. c. stay constant throughout the project life cycle. d. vary independently of where the project is in its life cycle.

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Last Answer : b. increase as a project progresses through its life cycle.

The accuracy of an estimate should: a. decrease as a project progresses through its life cycle. b. increase as a project progresses through its life cycle. c. stay constant throughout the project life cycle. d. vary independently of where the project is in its life cycle.

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Considers the total cost of ownership, or development plus support costs, for a project. A. Learning Curve Theory B. Life Cycle Costing C. Parametric Modeling D. Rate of Performance

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Last Answer : a. A major problem that requires formal escalation.

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