A situation in which one of two or more risk events will follow an act, but the precise nature of these events may not be known and the probabilities of their occurring cannot be objectively assigned, is the definition of 1. certainty 2. uncertainty 3. risk 4. risk adversity 5. None of the above.

A situation in which one of two or more risk events will follow an act, but the precise nature 

of these events may not be known and the probabilities of their occurring cannot be objectively 

assigned, is the definition of

1. certainty 

2. uncertainty 

3. risk 

4. risk adversity 

5. None of the above.
by

1 Answer

Answer :

2. uncertainty
by

Related questions

Which of the following best expresses the difference between programmed and non-programmed decisions? (a) Occur under certainty or risk; occur under uncertainty or ambiguity (b) Made by managers who prefer a thinking or technocratic style; made by managers who use judgement and follow intuition (c) Handled with decision rules; decision rules cannot be developed (d) Have computer routines developed for them; are not computerized

Description : Which of the following best expresses the difference between programmed and non-programmed decisions? (a) Occur under certainty or risk; occur under uncertainty or ambiguity (b) Made by managers ... rules cannot be developed (d) Have computer routines developed for them; are not computerized

Last Answer : (c) Handled with decision rules; decision rules cannot be developed 

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

......................... deals with making sound decisions under conditions of certainty, risk and uncertainty. a. Game theory b. Network analysis c. Decision theory d. None of these

Description : ......................... deals with making sound decisions under conditions of certainty, risk and uncertainty. a. Game theory b. Network analysis c. Decision theory d. None of these

Last Answer : c. Decision theory

If a manager at Wipro wants to award a contract for printing the company's promotional literature and has obtained quotations from several printers, the manager can select a printer and know with ______ what the printing should cost. (a) Ambiguity ; (b) Risk ; (c) Uncertainty ; (d) Certainty

Description : If a manager at Wipro wants to award a contract for printing the company's promotional literature and has obtained quotations from several printers, the manager can select a printer and know with ______ what the printing should cost. (a) Ambiguity ; (b) Risk ; (c) Uncertainty ; (d) Certainty

Last Answer :  (d) Certainty 

)The total amount of risk that is calculated for a project is found by 1. Multiplying the sum of each the risk times the amount at stake2. Calculating the cumulative sum of the probability for each risk and multiplying this value times the consequence of occurrence of the risk events 3. Cannot be calculated since all risks are not know 4. The amount of project reserves available

Description : )The total amount of risk that is calculated for a project is found by 1. Multiplying the sum of each the risk times the amount at stake 2. Calculating the cumulative sum of the probability for ... 3. Cannot be calculated since all risks are not know  4. The amount of project reserves available

Last Answer : 2. Calculating the cumulative sum of the probability for each risk and multiplying this value times the consequence of occurrence of the risk events

The following phrases relate to the definition of auditing. Which one is incorrect? a. Systematic process b. Objectively obtaining and obtaining evidence c. Assertions about economic actions and events d. Degree of correspondence between assertions and GAAS

Description : The following phrases relate to the definition of auditing. Which one is incorrect? a. Systematic process b. Objectively obtaining and obtaining evidence c. Assertions about economic actions and events d. Degree of correspondence between assertions and GAAS

Last Answer : Degree of correspondence between assertions and GAAS

What is the first step in developing a risk management plan? Select one: a. Analyze the risks. b. Estimate the likelihood of the risks occurring. c. Identify potential project risks. d. Develop a risk mitigation plan. e. Estimate the potential impact of risk on the project goals.

Description : What is the first step in developing a risk management plan? Select one: a. Analyze the risks. b. Estimate the likelihood of the risks occurring. c. Identify potential project risks. d. Develop a risk mitigation plan. e. Estimate the potential impact of risk on the project goals.

Last Answer : c. Identify potential project risks.

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

Description : 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

Last Answer : A. Slowly rise

The jackpot on a gaming machine has not 'dropped' for several weeks. Believing that the payout is imminent, a gambler feeds coins steadily to the machine. What does this behavior illustrate? (a) Escalation of commitment ; (b) A display of overconfidence (c) Decision making under uncertainty ; (d) Changing subjective probabilities

Description : The jackpot on a gaming machine has not 'dropped' for several weeks. Believing that the payout is imminent, a gambler feeds coins steadily to the machine. What does this behavior ... ) A display of overconfidence (c) Decision making under uncertainty ; (d) Changing subjective probabilities

Last Answer : (a) Escalation of commitment ;

Cost controls 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 assembling and predicting costs of a project over its life cycle 4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis.

Description : Cost controls 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 ... of gathering, accumulating, analyzing, reporting, and managing the costs on  an on-going basis.

Last Answer : 4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on  an on-going basis.

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

Description : 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 ... of gathering, accumulating, analyzing, reporting, and managing the costs on an on- going basis

Last Answer : 3. The process of establishing budgets, standards, and a monitoring system by which the  investment cost of the project can be measured and managed

)In a program or project plan, there are always revisions to account for new or missing data. Which one of the following provides the best reason for performing a revision of the plan? 1. A supplier has changed the way their product is delivered to your supplier 2. Project tasks are crashed to meet their end dates 3. Human resources will remain constant through out the project 4. Historical data on a similar project suggests that risk events are not included in the current plan.

Description : )In a program or project plan, there are always revisions to account for new or missing data.  Which one of the following provides the best reason for performing a revision of the plan? 1. ... 4. Historical data on a similar project suggests that risk events are not included in the current  plan.

Last Answer : 2. Project tasks are crashed to meet their end dates

How do you figure out the percent uncertainty in the volume of a sphere when you know its radius with a particular degree of certainty?

Description : How do you figure out the percent uncertainty in the volume of a sphere when you know its radius with a particular degree of certainty?

Last Answer : I have never had to do a problem like this, so apologies if I lead you astray. I would start here: what’s the relationship between the radius of a sphere and its volume?

Differentiate certainty and uncertainty.

Description : Differentiate certainty and uncertainty.

Last Answer : Ans: A situation is called certain if it has only one possible outcome and it is called uncertain if it has more than one outcome.

All of the following statements are true regarding risk events except which one? Choose the least correct answer.A. Project risks are uncertain events. B. If risks occur, they can have a positive or negative effect on project objectives. C. Unknown risks are threats to the project objectives, and nothing can be done to plan for them. D. Risks that have more perceived rewards to the organization than the consequences of the risk should be accepted.

Description : All of the following statements are true regarding risk events except which one?  Choose the least correct answer. A. Project risks are uncertain events.  B. If risks occur, they can ... that have more perceived rewards to the organization than the consequences of  the risk should be accepted.

Last Answer : C. Unknown risks are threats to the project objectives, and nothing can be done to  plan for them.

Globalization is beneficial for firms because: A. It protects them against foreign competition. B. It cushions them from the effects of events in other countries. C. It opens up new market opportunities. D. It increases the risk and uncertainty of operating in a globalizing world economy.

Description : Globalization is beneficial for firms because: A. It protects them against foreign competition. B. It cushions them from the effects of events in other countries. C. It opens up new market opportunities. D. It increases the risk and uncertainty of operating in a globalizing world economy.

Last Answer : It opens up new market opportunities.

------------ is a condition in which the decision maker chooses a course of action without complete knowledge of the consequences that will follow implementation. (a) Risk ; (b) Uncertainty ; (c) Ambiguity ; (d) Accuracy

Description : ------------ is a condition in which the decision maker chooses a course of action without complete knowledge of the consequences that will follow implementation. (a) Risk ; (b) Uncertainty ; (c) Ambiguity ; (d) Accuracy

Last Answer : (b) Uncertainty ; 

Complete the following statement. As the project progresses into the execution phase: Select one: a. risks need to be checked off on activities that have been performed. b. the total risk on the project typically increases. c. risks are identified with each major group of activities. d. a risk response plan can be used to identify increasing levels of detailed risk analysis. e. the risk breakdown structure needs to be examined to be sure all the risk events have been avoided.

Description : Complete the following statement. As the project progresses into the  execution phase: Select one: a. risks need to be checked off on activities that have been performed. b. the total risk on ... risk breakdown structure needs to be examined to be sure all the risk events have  been avoided.

Last Answer : a. risks need to be checked off on activities that have been performed.

Which of the following is not the part of Risk Control A. Execution of the risk response strategy B. Monitoring of triggering events C. Initiating contingency plans D. Not watching for new risks

Description : Which of the following is not the part of Risk Control  A. Execution of the risk response strategy  B. Monitoring of triggering events  C. Initiating contingency plans  D. Not watching for new risks

Last Answer : D. Not watching for new risks

The Three attributes of project risk are _________, ___________ and ___________. 1. What might happen, who it happens to, and how much will it cost 2. Notification, frequency of5. Risk event, probability occurrence, the amount at stake relevant events, probability of occurrence 3. Risk cost, quality, control 4. Quality, risk planning, total number of risk events

Description : The Three attributes of project risk are _________, ___________ and ___________. 1. What might happen, who it happens to, and how much will it cost  2. Notification, frequency of relevant events, ... planning, total number of risk events 5. Risk event, probability occurrence, the amount at stake

Last Answer : 5. Risk event, probability occurrence, the amount at stake

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.

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

Which one of the following statements best describes a project? a. A project is a set of tools and techniques often used when delivering organisational change. b. A project is the sum of activities needed to remove uncertainty from a unique piece of work. c. A unique transient endeavor undertaken to achieve a desired outcome. d. A project is a method of planning work.

Description : Which one of the following statements best describes a project? a. A project is a set of tools and techniques often used when delivering organisational change. b. A project is the sum of activities ... endeavor undertaken to achieve a desired outcome. d. A project is a method of planning work.

Last Answer : c. A unique transient endeavor undertaken to achieve a desired outcome.

Which of the following is not correct about initial phase of a project? a. The cost associated at the beginning of the project is highest. b. Stakeholders have maximum influence during this phase c. The highest uncertainty is at this stage of the project. d. All the above statements are correct.

Description : Which of the following is not correct about initial phase of a project? a. The cost associated at the beginning of the project is highest. b. Stakeholders have maximum influence during this phase c. The highest uncertainty is at this stage of the project. d. All the above statements are correct.

Last Answer : a. The cost associated at the beginning of the project is highest.

Which of the following is not correct about initial phase of a project? a. The cost associated at the beginning of the project is highest. b. Stakeholders have maximum influence during this phase c. The highest uncertainty is at this stage of the project. d. All the above statements are correct.

Description : Which of the following is not correct about initial phase of a project? a. The cost associated at the beginning of the project is highest. b. Stakeholders have maximum influence during this phase c. The highest uncertainty is at this stage of the project. d. All the above statements are correct.

Last Answer : a. The cost associated at the beginning of the project is highest.

Which one of the following statements best describes a project? a. A project is a set of tools and techniques often used when delivering organisational change. b. A project is the sum of activities needed to remove uncertainty from a unique piece of work. c. A unique transient endeavour undertaken to achieve a desired outcome. d. A project is a method of planning work.

Description : Which one of the following statements best describes a project?  a. A project is a set of tools and techniques often used when delivering organisational change.  b. A project is the sum of ... endeavour undertaken to achieve a desired outcome.  d. A project is a method of planning work.

Last Answer : c. A unique transient endeavour undertaken to achieve a desired outcome.

Complete the following statement. As a project manager, Darrell is excited that he is assigned to be in charge of the most important project this year. After being chartered for the project, he analyses the information in the project charter and the stakeholder register to: Select one: a. decide how to draft a scope statement. b. start to define and develop the stakeholder needs and requirements c. prepare for the template to monitor project progress. d. estimate the entire project budget.

Description : Complete the following statement. As a project manager, Darrell is  excited that he is assigned to be in charge of the most important project  this year. After being chartered for the project, he ... c. prepare for the template to monitor project progress. d. estimate the entire project budget.

Last Answer : b. start to define and develop the stakeholder needs and requirements

If you would like to see a list of resources and the tasks that people are assigned to. What view best displays this information? A.Resource Sheet B. Task Usage C. Gantt Chart D.: Resource Usage

Description : If you would like to see a list of resources and the tasks that people are assigned to.  What view best displays this information?  A.Resource Sheet  B. Task Usage  C. Gantt Chart  D.: Resource Usage

Last Answer : C. Gantt Chart

Daniel has just been assigned as the project manager. To motivate his team properly, Daniel’s first step is to award bonuses to team members

Description : Daniel has just been assigned as the project manager. To motivate his team properly,  Daniel’s first step is to award bonuses to team members

Last Answer : Ans: False

The work plan records and keeps track of all of the tasks that need to be accomplished over the life of the project, listing each task, along with important information about it, such as when it needs to be completed, the person assigned to do the work, and any deliverables that will result.

Description : The work plan records and keeps track of all of the tasks that need to be accomplished  over the life of the project, listing each task, along with important information about it,  such as when it needs to be completed, the person assigned to do the work, and any  deliverables that will result.

Last Answer : Ans: True

To complete a 20 person-month project in 10 months, a team should have 4 full-time staff members assigned to the project.

Description : To complete a 20 person-month project in 10 months, a team should have 4 full-time  staff members assigned to the project.

Last Answer : Ans: False

Michelle has decided to use a shortcut to determine tc. microconvergent d. normal e. very simplehe complexity of the project she is currently managing. She has assigned the adjusted project complexity (PCA) a value of .65. She has determined that her project is _____. a. bi-lateral b. complex

Description : Michelle has decided to use a shortcut to determine the complexity of the project she  is currently managing. She has assigned the adjusted project complexity (PCA) a value  of .65. She has determined that ... _____.  a. bi-lateral  b. complex c. microconvergent  d. normal  e. very simple

Last Answer : e. very simple

According to the PMBOK Guide, the project manager is identified and assigned during which process? A. Prior to beginning the Develop Project Charter process B. At the conclusion of the Develop Project Charter process C. Prior to beginning the Planning processes D. Prior to beginning the Preliminary Scope Statement process

Description : According to the PMBOK Guide, the project manager is identified and assigned  during which process?  A. Prior to beginning the Develop Project Charter process B. At the conclusion of the ... . Prior to beginning the Planning processes D. Prior to beginning the Preliminary Scope Statement process

Last Answer : C. Prior to beginning the Planning processes

In which of the following stages are project objectives established, teams formed, and major responsibilities assigned? A. Conceptualizing B. Defining (Ans.) C. Planning D. Executing

Description : In which of the following stages are project objectives established, teams formed, and  major responsibilities assigned?  A. Conceptualizing  B. Defining (Ans.) C. Planning  D. Executing

Last Answer : B. Defining (Ans.)

A Cost Breakdown Structure (CBS) shows costs assigned to: a. individual work packages using the Work Breakdown Structure (WBS). b. individual resources using the Work Breakdown Structure (WBS). c. individual resources using the Responsibility Assignment Matrix (RAM). d. individual deliverables using the Responsibility Assignment Matrix (RAM)

Description :  A Cost Breakdown Structure (CBS) shows costs assigned to:  a. individual work packages using the Work Breakdown Structure (WBS).  b. individual resources using the Work Breakdown Structure ... Assignment Matrix (RAM).  d. individual deliverables using the Responsibility Assignment Matrix (RAM)

Last Answer : a. individual work packages using the Work Breakdown Structure (WBS).

Each item of the Work Breakdown Structure is assigned a unique identifier. What is the name of this identifier? 1. Product ID number 2. Code of accounts 3. Quality inspection identifier 4. Project activity code

Description : Each item of the Work Breakdown Structure is assigned a unique identifier. What is the name  of this identifier? 1. Product ID number  2. Code of accounts  3. Quality inspection identifier  4. Project activity code

Last Answer : 2. Code of accounts

All of the following statements are true regarding risks except for which one? Choose the least correct answer. A. Risks might be threats to the objectives of the project. B. Risks are certain events that may be threats or opportunities to the objectives of the project. C. Risks might be opportunities to the objectives of the project. D. Risks have causes and consequences.

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Last Answer : B. Risks are certain events that may be threats or opportunities to the objectives of  the project

An example of the risk involved in development is a) Key personnel may resign before the product is complete b) The manufacturer of critical components (e.g. the hardware associated with a real-time system) may go bankrupt c) Technology changes may render the product obsolete d) Competitors may market a fully functional lower-cost equivalent package e) All of these are risks involved in development.

Description : An example of the risk involved in development is a) Key personnel may resign before the product is complete b) The manufacturer of critical components (e.g. the hardware  associated with a ... a fully functional lower-cost  equivalent package e) All of these are risks involved in development.

Last Answer : e) All of these are risks involved in development.

Which risk is connected to the circumstance outside the project that may influence the scope of work and the performance of the organization? A.Operational Risk B.Financial Risk C.Strategic Risk D.Contextual Risk

Description : Which risk is connected to the circumstance outside the project that may influence the  scope of work and the performance of the organization?  A.Operational Risk  B.Financial Risk  C.Strategic Risk  D.Contextual Risk

Last Answer : D.Contextual Risk

Risk in capital budgeting implies that the decision maker knows _ of the cash flows. A. Variability B. Certainty C. Probability D. None of these

Description : Risk in capital budgeting implies that the decision maker knows _ of the cash flows. A. Variability B. Certainty C. Probability D. None of these

Last Answer : C. Probability

)The fixed price contract is advantageous to the buyer because it: 1. requires extremely well defined specifications 2. requires formal procedures for scope changes 3. contractor assumes financial and technical risk 4. has a known cost

Description : )The fixed price contract is advantageous to the buyer because it: 1. requires extremely well defined specifications  2. requires formal procedures for scope changes  3. contractor assumes financial and technical risk  4. has a known cost

Last Answer : 3. contractor assumes financial and technical risk

Objectively, do you usually act, or come off as, older or younger than your years?

Description : Objectively, do you usually act, or come off as, older or younger than your years?

Last Answer : My age has finally caught up with the usual way I’ve always acted since the age of 24. I’m now 43.

Decision making under certainty refers to .............................. situation. a. Deterministic b. Probabilistic c. Competitive d. None of these

Description : Decision making under certainty refers to .............................. situation. a. Deterministic b. Probabilistic c. Competitive d. None of these

Last Answer : a. Deterministic

Identify the statement that is consistent with utilitarian ethical theory: A. Adhering to a set of principles may well forbid an act that would otherwise provide overall net good consequences. B. No act is ever morally right or wrong in all cases, in every situation. It will all depend on the act's consequences. C. Some actions like murder, theft, rape, and lying are wrong of their very nature, the kind of acts they are. No amount of n

Description : Identify the statement that is consistent with utilitarian ethical theory: A. Adhering to a set of principles may well forbid an act that would otherwise provide overall net good consequences. B. No act is ever ... lying are wrong of their very nature, the kind of acts they are. No amount of n

Last Answer : B. No act is ever morally right or wrong in all cases, in every situation. It will all depend on the act's consequences.

Identify the statement that is consistent with utilitarian ethical theory: A. Adhering to a set of principles may well forbid an act that would otherwise provide overall net good consequences. B. No act is ever morally right or wrong in all cases, in every situation. It will all depend on the act's consequences. C. Some actions like murder, theft, rape, and lying are wrong of their very nature, the kind of acts they are. No amount of net good consequences could ever justify them. D. The end never justifies the means.

Description : Identify the statement that is consistent with utilitarian ethical theory: A. Adhering to a set of principles may well forbid an act that would otherwise provide overall net good consequences. B. No ... amount of net good consequences could ever justify them. D. The end never justifies the means.

Last Answer : B. No act is ever morally right or wrong in all cases, in every situation. It will all depend on the act's consequences.

Iso-octane is used as a reference substance in the definition of octane number and it is assigned an octane number value of 100. Iso-octane is chemically known as (A) α-methyl naphthalene (B) 2-2-4 tri methyl pentane (C) 1, 3 butadiene (D) Tetra methyl ethylene

Description : Iso-octane is used as a reference substance in the definition of octane number and it is assigned an octane number value of 100. Iso-octane is chemically known as (A) α-methyl naphthalene (B) 2-2-4 tri methyl pentane (C) 1, 3 butadiene (D) Tetra methyl ethylene

Last Answer : (B) 2-2-4 tri methyl pentane

Consider the following statements regarding Coulomb’s theory of earth pressure: 1. It is based on wedge theory of earth pressure. 2. It assumes the wall surface to be rough. 3. It may or may not satisfy the static equilibrium condition occurring in nature. Which of these statements are correct? (a) 1, 2 & 3 (b) 1 & 2 only (c) 2 & 3 only (d) 1 & 3 only

Description : Consider the following statements regarding Coulomb's theory of earth pressure: 1. It is based on wedge theory of earth pressure. 2. It assumes the wall surface to be rough. 3. It may or may not satisfy the static equilibrium condition ... 1, 2 & 3 (b) 1 & 2 only (c) 2 & 3 only (d) 1 & 3 only

Last Answer : (b) 1 & 2 only

Identify the incorrect statement in connection with working capital management. A. Long-term funds are more expensive than short-term funds but also riskier B. The objectives of working capital management are profitability and liquidity C. Permanent current assets should be financed from long-term sources if a moderate or matching policy is adopted D. Conservative financing policies use short-term funds to finance only part of fluctuating current assets E. Aggressive financing policies increase profitability at the cost of higher risk

Description : Identify the incorrect statement in connection with working capital management. A. Long-term funds are more expensive than short-term funds but also riskier B. The objectives of ... fluctuating current assets E. Aggressive financing policies increase profitability at the cost of higher risk

Last Answer : A. Long-term funds are more expensive than short-term funds but also riskier

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