Two mutually exclusive projects are being considered. Neither project will be repeated again in the future after their current lives are complete. There exists a potential problem though -- the expected life of the first project is one year and the expected life of the second project is three years. This has caused the NPV and IRR methods to suggest differe nt project preferences. What technique can be used to help make a better decision in this scenario? A. Rely on the NPV method and make your choice as it will tell you which one is best. B. Use the common-life technique to replicate the one-year project three times and recalculate the NPV and IRR for the one-year project. C. Ignore the NPV technique and simply choose the highest IRR since managers are concerned about maximizing returns.

Two mutually exclusive projects are being considered. Neither project will be repeated

again in the future after their current lives are complete. There exists a potential problem

though -- the expected life of the first project is one year and the expected life of the second

project is three years. This has caused the NPV and IRR methods to suggest differe nt

project preferences. What technique can be used to help make a better decision in this

scenario?

A. Rely on the NPV method and make your choice as it will tell you which one is best.

B. Use the common-life technique to replicate the one-year project three times and

recalculate the NPV and IRR for the one-year project.

C. Ignore the NPV technique and simply choose the highest IRR since managers are

concerned about maximizing returns.
by

1 Answer

Answer :

A. Rely on the NPV method and make your choice as it will tell you which one is best.
by

Related questions

Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with mutually exclusive projects, capital rationing, or unusual projects having multiple sign changes in the cash-flow stream, the internal rate of return method can be used with reasonable confidence. C. The internal rate of return does not consider the time value of money. D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated

Description : Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with ... of return is rarely used by firms today because of the ease at which net present value is calculated

Last Answer : D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with mutually exclusive projects, capital rationing, or unusual projects having multiple sign changes in the cash-flow stream, the internal rate of return method can be used with reasonable confidence. C. The internal rate of return does not consider the time value of money. D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

Description : Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with ... of return is rarely used by firms today because of the ease at which net present value is calculated.

Last Answer : D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return B. As long as you are not dealing with mutually exclusive projects, capital rationing, or unusual projects having multiple sigD. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculatedn changes in the cash-flow stream, the internal rate of return method can be used with reasonable confidence. C. The internal rate of return does not consider the time value of money.

Description : Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return B. As long as you are not dealing with ... of return is rarely used by firms today because of the ease at which net present value is calculated

Last Answer : D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

Which of the following is not a potential for a ranking problem between two mutua lly exclusive projects? A. The projects have unequal lives that differ by several years. B. The costs of the two projects differ by nearly 30%. C. The two projects have cash flow patterns that differ dramatically. D. One of the mutually exclusive projects involves replacement while the other involves expansion.

Description : Which of the following is not a potential for a ranking problem between two mutua lly exclusive projects? A. The projects have unequal lives that differ by several years. B. The ... dramatically. D. One of the mutually exclusive projects involves replacement while the other involves expansion.

Last Answer : A. The projects have unequal lives that differ by several years.

Which of the following is not a potential for a ranking problem between two mutua lly exclusive projects? A. The projects have unequal lives that differ by several years. B. The costs of the two projects differ by nearly 30%. C. The two projects have cash flow patterns that differ dramatically. D. One of the mutually exclusive projects involves replacement while the other involves expansion

Description : Which of the following is not a potential for a ranking problem between two mutua lly exclusive projects? A. The projects have unequal lives that differ by several years. B. The ... dramatically. D. One of the mutually exclusive projects involves replacement while the other involves expansion

Last Answer : A. The projects have unequal lives that differ by several years

Which of the following is not a potential for a ranking problem between two mutua lly exclusive projects? A. The projects have unequal lives that differ by several years B. The costs of the two projects differ by nearly 30%. C. The two projects have cash flow patterns that differ dramatically D. One of the mutually exclusive projects involves replacement while the other involves expansion

Description : Which of the following is not a potential for a ranking problem between two mutua lly exclusive projects? A. The projects have unequal lives that differ by several years B. The ... dramatically D. One of the mutually exclusive projects involves replacement while the other involves expansion

Last Answer : A. The projects have unequal lives that differ by several years

A project has a Profitability Index of 1.30. What does it mean? A.The NPV is less than zero B.The payback period is more than one year C.That the project returns Rs 1.30 for every Re 1 invested in the project D.That IRR is 1.30 times that of the Hurdle Rate

Description : A project has a Profitability Index of 1.30. What does it mean?  A.The NPV is less than zero B.The payback period is more than one year  C.That the project returns Rs 1.30 for every Re 1 invested in the project  D.That IRR is 1.30 times that of the Hurdle Rate

Last Answer : C.That the project returns Rs 1.30 for every Re 1 invested in the project

Which of the following statements is incorrect regarding a normal project? A. If the NPV of a project is greater than 0, then its PI will exceed 1. B. If the IRR of a project is 8%, its NPV, using a discount rate, k, greater than 8%, will be less than 0.C. If the PI of a project equals 0, then the project's initial cash outflow equals the PV of its cash flows. D. If the IRR of a project is greater than the discount rate, k, then its PI will be greater than 1.

Description : Which of the following statements is incorrect regarding a normal project? A. If the NPV of a project is greater than 0, then its PI will exceed 1. B. If the IRR of a project is 8%, its NPV, using ... the IRR of a project is greater than the discount rate, k, then its PI will be greater than 1.

Last Answer : D. If the IRR of a project is greater than the discount rate, k, then its PI will be greater than 1.

A profitability index (PI) of .92 for a project means that . A. The project's costs (cash outlay) are (is) less than the present value of the project's benefits B. The project's NPV is greater than zero C. The project's NPV is greater than 1 D. The project returns 92 cents in present value for each current rupee invested (cost)

Description : A profitability index (PI) of .92 for a project means that . A. The project's costs (cash outlay) are (is) less than the present value of the project's benefits B. The project's NPV is ... is greater than 1 D. The project returns 92 cents in present value for each current rupee invested (cost)

Last Answer : C. The project's NPV is greater than 1

When operating under a single-period capital-rationing constraint, you may first want to try selecting projects by descending order of their in order to give yourself the best chance to select the mix of projects that adds most to firm value. A. profitability index (PI) B. net present value (NPV) C. internal rate of return (IRR) D. payback period (PBP)

Description : When operating under a single-period capital-rationing constraint, you may first want to try selecting projects by descending order of their in order to give yourself the best chance to select the mix of ... net present value (NPV) C. internal rate of return (IRR) D. payback period (PBP)

Last Answer : B. net present value (NPV)

When operating under a single-period capital-rationing constraint, you may first want to try selecting projects by descending order of their in order to give yourself the best chance to select the mix of projects that adds most to firm value. A. profitability index (PI) B. net present value (NPV) C. internal rate of return (IRR) D. payback period (PBP)

Description : When operating under a single-period capital-rationing constraint, you may first want to try selecting projects by descending order of their in order to give yourself the best chance to select the mix of ... net present value (NPV) C. internal rate of return (IRR) D. payback period (PBP)

Last Answer : B. net present value (NPV)

A project whose acceptance requires the acceptance of one or more alternative projects is referred to as . A. a mutually exclusive project B. an independent project C. a dependent projectD. None of the above

Description : A project whose acceptance requires the acceptance of one or more alternative projects is referred to as . A. a mutually exclusive project B. an independent project C. a dependent project D. None of the above

Last Answer : B. an independent project

A project whose acceptance precludes the acceptance of one or more alternative projects is referred to as . A. a mutually exclusive project. B. an independent project. C. a dependent project. D. a contingent project.

Description : A project whose acceptance precludes the acceptance of one or more alternative projects is referred to as . A. a mutually exclusive project. B. an independent project. C. a dependent project. D. a contingent project.

Last Answer : A. a mutually exclusive project.

A project whose acceptance requires the acceptance of one or more alternative projects is referred to as . A. a mutually exclusive project. B. an independent project. C. a dependent project D. a contingent project E. none of the above

Description : A project whose acceptance requires the acceptance of one or more alternative projects is referred to as . A. a mutually exclusive project. B. an independent project. C. a dependent project D. a contingent project E. none of the above

Last Answer : A. a mutually exclusive project.

A project whose acceptance precludes the acceptance of one or more alternative projects is referred to as . A. a mutually exclusive project. B. an independent project. C. a dependent project D. a contingent project

Description : A project whose acceptance precludes the acceptance of one or more alternative projects is referred to as . A. a mutually exclusive project. B. an independent project. C. a dependent project D. a contingent project

Last Answer : C. a dependent project

A project whose acceptance requires the acceptance of one or more alternative projects is referred to as . A. a mutually exclusive project. B. an independent project. C. a dependent project D. a contingent project E. none of the above

Description : A project whose acceptance requires the acceptance of one or more alternative projects is referred to as . A. a mutually exclusive project. B. an independent project. C. a dependent project D. a contingent project E. none of the above

Last Answer : A. a mutually exclusive project.

A project whose acceptance precludes the acceptance of one or more alternative projects is referred to as . A. a mutually exclusive project. B. an independent project. C. a dependent project D. a contingent project

Description : A project whose acceptance precludes the acceptance of one or more alternative projects is referred to as . A. a mutually exclusive project. B. an independent project. C. a dependent project D. a contingent project

Last Answer : C. a dependent project

According to the private property defense of the classical model of corporate social responsibility, managers who use corporate funds for projects that are not directly devoted to maximizing profits are stealing from their owners. Which statement supports this view? A. Property rights are restricted when they conflict with the basic rules of society as embodied in law and custom. B. The connection between ownership and control that exists for personal property does not legally exist for corporate property. C. Investors buy their stocks with the hope of maximizing return on their investment. D. Stockholders in publicly traded corporations are better understood as investors rather than owners.

Description : According to the private property defense of the classical model of corporate social responsibility, managers who use corporate funds for projects that are not directly devoted to maximizing ... . Stockholders in publicly traded corporations are better understood as investors rather than owners.

Last Answer : C. Investors buy their stocks with the hope of maximizing return on their investment. D. Stockholders in publicly traded corporations are better understood as investors rather than owners.

A firm is about to undertake a project and has compu10% 130 15% 50 20% -50 What is the approximate IRR of this project? A 20% B 17.5% C 15% D 22.5%ted the NPV of the project using a variety of discount rates: Discount Rate used NPV

Description : A firm is about to undertake a project and has computed the NPV of the project using a variety of discount rates:  Discount Rate used NPV 10% 130  15% 50  20% -50  What is the approximate IRR of this project?  A 20%  B 17.5%  C 15%  D 22.5%

Last Answer : B 17.5%

Which of the following is true regarding IRR?A. IRR assumes reinvestment at the cost of capital. B. IRR is the discount rate when NPV is greater than zero. C. IRR is a constrained optimization method. D. IRR is the discount rate when NPV is equal to zero.

Description : Which of the following is true regarding IRR? A. IRR assumes reinvestment at the cost of capital. B. IRR is the discount rate when NPV is greater than zero. C. IRR is a constrained optimization method. D. IRR is the discount rate when NPV is equal to zero.

Last Answer : D. IRR is the discount rate when NPV is equal to zero.

An Expected Monetary Value (EMV) of $100000 on a potential project event in the project means which of the following? Select one: a. A number that can be ignored b. An opportunity that must be explored c. Actual losses on the event d. Actual investment returns on the event e. A threat that must be considered to minimize the project risk

Description : An Expected Monetary Value (EMV) of $100000 on a potential project event in the  project means which of the following? Select one: a. A number that can be ignored b. An opportunity that ... Actual investment returns on the event e. A threat that must be considered to minimize the project risk

Last Answer : b. An opportunity that must be explored

Which of the following is true? A. Discounted cash flow analysis is the least precise of the cash flow techniques, because it does not consider the time value of money. B. NPV is the least precise of the cash flow analysis techniques, because it assumes reinvestment at the discount rate. C. Payback period is the least precise of the cash flow analysis techniques, because it does not consider the time value of money. D. IRR is the least precise of the cash flow analysis techniques, because it assumes reinvestment at the cost of capital.

Description : Which of the following is true?  A. Discounted cash flow analysis is the least precise of the cash flow techniques, because  it does not consider the time value of money. B. NPV is ... least precise of the cash flow analysis techniques, because it assumes  reinvestment at the cost of capital.

Last Answer : C. Payback period is the least precise of the cash flow analysis techniques, because it  does not consider the time value of money.

Fill in the blanks. It is during the ______________ phase that the decision should be made regarding whether the project should continue. During this phase, ____________ must be considered and weighed against the potential benefit of the project’s success. Select one: a. completion, cost b. closeout, resources c. execution, performance d. planning, timing e. initiation, risk

Description : Fill in the blanks. It is during the ______________ phase that the decision should be  made regarding whether the project should continue. During this phase, ____________  must be considered and weighed ... . closeout, resources c. execution, performance d. planning, timing e. initiation, risk

Last Answer : e. initiation, risk

The most successful project manager usually:1. works their way up from assistants in the project office to full-fledged project managers, supplementing that experience with formal education. 2. Comes right from Harvard's MBA program into managing very large projects. 3. Is considered the technical expert of their field. 4. Has considerable experience as a functional manager before moving into the project management arena.

Description : The most successful project manager usually: 1. works their way up from assistants in the project office to full-fledged project managers,  supplementing that experience with formal ... . Has considerable experience as a functional manager before moving into the project  management arena.

Last Answer : 1. works their way up from assistants in the project office to full-fledged project managers,  supplementing that experience

What is the most accurate method of obtaining project information that can reduce the amount of risk? 1. Observations on the current project 2. Determining the risk by using brainstorming techniques 3. The use of historical data from previous projects that were similar in nature 4. Sensitivity analysis 5. Delphi technique.

Description : What is the most accurate method of obtaining project information that can reduce the amount  of risk? 1. Observations on the current project  2. Determining the risk by using brainstorming ... from previous projects that were similar in nature  4. Sensitivity analysis  5. Delphi technique.

Last Answer : 3. The use of historical data from previous projects that were similar in nature

An Organizational Breakdown Structure (OBS) is used to identify: a. the reporting structure and current availability of all individuals in the project. b. technical ability and line of communication for all individuals in the project. c. lines of communication and responsibility for all the individual managers in the project. d. the reporting structure and lines of communication for all individuals in the projects.

Description : An Organizational Breakdown Structure (OBS) is used to identify: a. the reporting structure and current availability of all individuals in the project. b. technical ability and line of communication ... . d. the reporting structure and lines of communication for all individuals in the projects.

Last Answer : d. the reporting structure and lines of communication for all individuals in the projects.

An Organisational Breakdown Structure (OBS) is used to identify: a. the reporting structure and current availability of all individuals in the project.b. technical ability and line of communication for all individuals in the project. c. lines of communication and responsibility for all the individual managers in the project.d. the reporting structure and lines of communication for all individuals in the projects.

Description : An Organisational Breakdown Structure (OBS) is used to identify:  a. the reporting structure and current availability of all individuals in the project. b. technical ability and line of ... project. d. the reporting structure and lines of communication for all individuals in the projects.

Last Answer : d. the reporting structure and lines of communication for all individuals in the projects.

In PERT (Project Evaluation and Review Technique) method Expected time (Te) is A. (To+Tp+4Tm)/6 B. (To+Tp+2Tm)/6 C. (To+Tp+Tm)/6 D. (Tm+Tp+4To)/6

Description : In PERT (Project Evaluation and Review Technique) method Expected time (Te) is  A. (To+Tp+4Tm)/6  B. (To+Tp+2Tm)/6  C. (To+Tp+Tm)/6  D. (Tm+Tp+4To)/6

Last Answer : A. (To+Tp+4Tm)/6

A project has the following cash inflows Rs.34,444; Rs.39,877; Rs.25,000; and Rs.52,800 for years 1 through 4, respectively. The initial cash outflow is Rs.104,000. Which of the following four statements is correct concerning the project internal rate of return (IRR)? A. The IRR is less than 10%. B. The IRR is greater than or equal to 10%, but less than 14%. C. The IRR is greater than or equal to 14%, but less than 18%. D. The IRR is greater than or equal to 18%.

Description : A project has the following cash inflows Rs.34,444; Rs.39,877; Rs.25,000; and Rs.52,800 for years 1 through 4, respectively. The initial cash outflow is Rs.104,000. Which of the following four statements ... than or equal to 14%, but less than 18%. D. The IRR is greater than or equal to 18%.

Last Answer : C. The IRR is greater than or equal to 14%, but less than 18%.

Fill in the blank. Risk must be considered in the _____ phase and weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. Select one: a. completion b. closeout c. execution d. planning e. initiation

Description : Fill in the blank. Risk must be considered in the _____ phase and weighed against  the potential benefit of the project’s success in order to decide if the project should  be chosen. Select one: a. completion b. closeout c. execution d. planning e. initiation

Last Answer : e. initiation

Determining the policies that are needed for the smooth execution of a project relates to which of the following agenda items of alignment sessions? Select one: a. Developing a common understanding of the project purpose b. Establishing trust among team members c. Engaging stakeholders in dialogue d. Developing role clarification on projects e. Agreeing on the means and methods for accomplishing the purpose

Description : Determining the policies that are needed for the smooth execution of a project  relates to which of the following agenda items of alignment sessions? Select one: a. Developing a common ... role clarification on projects e. Agreeing on the means and methods for accomplishing the purpose

Last Answer : d. Developing role clarification on projects

Which conflict resolution technique do project managers use most often? A. Smoothing B. Norming C. Confronting D. Forcing

Description : Which conflict resolution technique do project managers use most often?  A. Smoothing B. Norming C. Confronting D. Forcing

Last Answer : C. Confronting

Once project planning is complete, project managers document their plan in A. SPMP document B. SRS document C. Detailed Design document D. Excel Sheet

Description : Once project planning is complete, project managers document their plan in A. SPMP document B. SRS document C. Detailed Design document D. Excel Sheet

Last Answer : A. SPMP document

A company is considering investing surplus funds in a project. Calculate the NPV at 10 % discount rate for the following data Project-A Year 0- (100) Year 1-100 Year 2-100 A. 73.5 B. 173.5 C. 273.5 D.100

Description : A company is considering investing surplus funds in a project. Calculate the NPV at  10 % discount rate for the following data  Project-A Year 0- (100) Year 1-100 Year 2-100  A. 73.5  B. 173.5  C. 273.5  D.100

Last Answer : A. 73.5

Complete the following statement. In a weak matrix environment, the project manager, Eric, has to constantly make an effort to influence his project team and stakeholders to ensure project success. This is because: Select one: a. Eric has a lot of authority. b. Eric has no or little authority. c. Eric is controlled by his functional managers. d. there are no functional managers. e. Eric has flexibility on authority.

Description : Complete the following statement. In a weak matrix environment, the  project manager, Eric, has to constantly make an effort to influence his  project team and stakeholders to ensure project success. ... managers. d. there are no functional managers. e. Eric has flexibility on authority.

Last Answer : b. Eric has no or little authority.

Which one of the following best describes project managc. Utilizing team members who can work on a project full time. d. Application of processes and methods throughout the project life cycle.ement? a. Using APM’s Body of Knowledge 6th edition as a guide to all projects. b. Employing a project manager who has undertaken similar projects.

Description : Which one of the following best describes project management? a. Using APM's Body of Knowledge 6th edition as a guide to all projects. b. Employing a project manager who has undertaken similar ... on a project full time. d. Application of processes and methods throughout the project life cycle.

Last Answer : d. Application of processes and methods throughout the project life cycle.

Which one of the following best describes project management? a. Using APM’s Body of Knowledge 6th edition as a guide to all projects. b. Employing a project manager who has ud. Application of processes and methods throughout the project life cycle.ndertaken similar projects. c. Utilising team members who can work on a project full time.

Description : Which one of the following best describes project management?  a. Using APM's Body of Knowledge 6th edition as a guide to all projects.  b. Employing a project manager who has undertaken ... on a project full time. d. Application of processes and methods throughout the project life cycle.

Last Answer : d. Application of processes and methods throughout the project life cycle.

Once the project is approved and moves into the planninb. The total risk on the project typically reduces as activities are performed without loss. c. Risks must be weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. d. Risks are identified with each major group of activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysisg stage, what happens in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded.

Description : Once the project is approved and moves into the planning stage, what happens  in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Last Answer : d. Risks are identified with each major group of activities.

Once the project is approved and moves into the planning stage, what happens in the next phase of the project life cycle?Select one: a. Agreements for risk sharing need to be concluded. b. The total risk on the project typically reduces as activities are performed without loss. c. Risks must be weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. d. Risks are identified with each major group of activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Description : Once the project is approved and moves into the planning stage, what  happens in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Last Answer : d. Risks are identified with each major group of activities.

Which of the following is true regarding NPV? A. NPV assumes reinvestment at the cost of capital. B. NPV decisions should be made based on the highest value for all the selections. C. NPV assumes reinvestment at the prevailing rate. D. NPV assumes reinvestment at the NPV rate.

Description : Which of the following is true regarding NPV?  A. NPV assumes reinvestment at the cost of capital. B. NPV decisions should be made based on the highest value for all the selections.  C. NPV assumes reinvestment at the prevailing rate.  D. NPV assumes reinvestment at the NPV rate.

Last Answer : A. NPV assumes reinvestment at the cost of capital.

What network model enables engineer managers to schedule, monitor and control large and complex projects by employing three time estimates per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation

Description : What network model enables engineer managers to schedule, monitor and control large and complex projects by employing three time estimates per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation

Last Answer : b. Program evaluation review technique

The ____ of project closeout the assessment is to document the best practices and lessons learned for use on future projects.

Description : The ____ of project closeout the assessment is to document the best practices and  lessons learned for use on future projects.

Last Answer : Ans. Primary purpose

Political unrest, budget overruns, size and complexity of the project Answer: B (8)Decision trees are best used for : 1. Determining the interaction of the amount at stake and the expected value 2. Association of the probabilities with the risk events 3. An illustration of how to see the interactions between decisions and the associated events 4. A flow chart which determines the standard deviation of the risk event

Description : Political unrest, budget overruns, size and complexity of the project  Answer: B  (8)Decision trees are best used for : 1. Determining the interaction of the amount at stake and the expected ... and the associated events  4. A flow chart which determines the standard deviation of the risk event

Last Answer : 3. An illustration of how to see the interactions between decisions and the associated events

The estimated benefits from a capital budgeting project are expected as cash flows rather than income flows because . A. it is more difficult to calculate income flows than cash flows B. it is cash, not accounting income, that is central to the firm's capital budgeting decision C. this is required by the accounting profession

Description : The estimated benefits from a capital budgeting project are expected as cash flows rather than income flows because . A. it is more difficult to calculate income flows than cash flows B. it ... is central to the firm's capital budgeting decision C. this is required by the accounting profession

Last Answer : B. it is cash, not accounting income, that is central to the firm's capital budgeting decision

Which of the following is/are considered stakeholder c. Project managers d. All of the above.in the process? a. Customers b. End-users

Description : Which of the following is/are considered stakeholder in the process? a. Customers b. End-users c. Project managers d. All of the above.

Last Answer : d. All of the above.

Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known. (A) Algorithmic model (B) Expert judgment (C) Top down (D) Analogy

Description : Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known. (A) Algorithmic model (B) Expert judgment (C) Top down (D) Analogy

Last Answer : (D) Analogy

Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known. (A)Algorithmic model (B)Expert judgment (C)Top down (D)Analogy

Description : Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known. (A)Algorithmic model (B)Expert judgment (C)Top down (D)Analogy

Last Answer : (D)Analogy