Estimates from the planning stage will need to be refined as the project progresses, because it is virtually impossible to develop an exact assessment of the project’s schedule before the analysis and design phases are conducted.

Estimates from the planning stage will need to be refined as the project progresses, 

because it is virtually impossible to develop an exact assessment of the project’s schedule 

before the analysis and design phases are conducted.
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1 Answer

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Ans: True
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Feasibility analysis is the first stage in the process of project development. (True/False)

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According to the PMBOK guide which of the following sta. Reserve analysis always plans contingency reserves for unexpected project scope and project costs, which are part of your project budget. b. Reserves should not be included in the project budget. c. If you only have limited resources, you may completely ignore reserve analysis when you try to determine your project budget. d. Planning contingency reserves for a project is not practical. e. Contingency reserves have never been a concern when planning a project budget.atements is right in terms of using reserve analysis to determine a project budget ?

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