One of the reasons why project cost estimates are inaccurate is because human beings are biased toward underestimation.
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Q7: Budgetary estimates are made even before a
Q8: A budgetary estimate is the most accurate
Q9: Contingency reserves are also known as unknown
Q10: Overrun is the additional percentage amount by
Q11: Intangible costs can be easily measured in
Q13: Definitive estimates are made one year or
Q14: Analogous estimates are the most accurate technique
Q15: Supporting details for an estimate include the
Q16: Analogous estimates are called activity-based costing.
Q17: Project managers must conduct cash flow analysis
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