Which one of the following statements best defines an estimate? a. An approximation of project time and cost targets, refined throughout the project life cycle. b. A prediction of a future condition or event based on information or knowledge available now. c. The value of useful work done at any given point in a project to give a measure of progress. d. A situation that affects or influences the outcome of the project expressed in time or cost terms

Which one of the following statements best defines an estimate?

a. An approximation of project time and cost targets, refined throughout the project life cycle.

b. A prediction of a future condition or event based on information or knowledge available now.

c. The value of useful work done at any given point in a project to give a measure of progress.

d. A situation that affects or influences the outcome of the project expressed in time or cost terms
by

1 Answer

Answer :

a. An approximation of project time and cost targets, refined throughout the project life cycle.
by

Related questions

Which one of the following statements best defines an estimate? a. An approximation of project time and cost targets, refined throughout the project life cycle. b. A prediction of a future condition or event based on information or knowledge available now. c. The value of useful work done at any given point in a project to give a measure of progress. d. A situation that affects or influences the outcome of the project expressed in time or cost terms.

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Last Answer : a. An approximation of project time and cost targets, refined throughout the project 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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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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One of the reasons a project life cycle is split into phases ic. mirror the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.s to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase of project development.

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One of the reasons a project life cycle is split into phases is to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase of project development. c. mirror the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.

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