While planning a project, the project team estimates known expenses but also applies a margin of error for unknown expenses. Which of the following is the project team trying to determine?
A) Cost of quality
B) Expenditures
C) Total project cost
D) Burn rate

Question

Quizplus · Accepted Answer

The project team is trying to determine the Total project cost, which includes both known expenses and a margin for unknown expenses.

While Planning a Project, the Project Team Estimates Known Expenses