A home builder is collecting estimates for a house that he will have the funding to build in 12 months. Which of the following factors does he need to consider in regard to the quality of these estimates?
A) Padding estimates
B) Planning horizon
C) Project structure
D) People
E) Project duration

Question

Quizplus · Accepted Answer

The planning horizon is crucial because the estimates are for a project that will start in 12 months, and the accuracy of estimates can decrease as the time between estimation and project start increases.

A Home Builder Is Collecting Estimates for a House That