At the beginning of the project, it may not be possible to estimate the costs for all activities with a level of confidence regarding their accuracy.This is especially true for
A)projects with a short term.
B)longer-term projects.
C)projects that are similar to ones completed by the organisation before.
D)projects with activities that are serially related.

Question

Quizplus · Accepted Answer

Longer-term projects often have more uncertainty and variability in cost estimates, which makes it difficult to estimate costs for all activities with a high level of confidence. Short-term projects are often more straightforward and can be more accurately estimated. Projects that are similar to ones completed by the organisation before may have more accurate estimates based on past experience. Serially related activities may have more predictable costs since they depend on each other, but this is not always the case.

At the Beginning of the Project, It May Not Be