Complex projects such as research and development projects often employ rolling wave planning to estimate project costs. Which of the following best describes "rolling wave" planning?
A) Project managers render a definitive estimate for the next stage and an order of magnitude estimate for the remainder of the project.
B) Project managers render an order of magnitude estimate for the next stage and a definitive estimate for the remainder of the project.
C) Project managers render a definitive estimate for all stages of the project during the initiation stage.
D) Project managers render an order of magnitude estimate for all stages of the project

Question

Quizplus · Accepted Answer

Rolling wave planning is a technique used in complex projects such as research and development projects to estimate project costs. It involves rendering a definitive estimate for the next stage and an order of magnitude estimate for the remainder of the project. This is done in order to provide more accurate estimates for the immediate future while allowing for adjustments to be made as the project progresses. This technique is often used when there is a great deal of uncertainty about the project's scope or requirements.

Complex Projects Such as Research and Development Projects Often Employ