Complex projects such as research and development for new products often employ rolling wave planning to estimate costs.Which of the following best describes "rolling wave" planning?
A) Project managers render a definitive estimate for the first stage and an order of magnitude estimate for the remainder of the project.
B) Project managers render an order of magnitude estimate for the first stage and a definitive estimate for the remainder of the project.
C) Project managers render definitive estimates for all stages of the project during initiation.
D) Project managers render an order of magnitude estimate for all stages of the project.
Correct Answer:
Verified
Q29: Which estimating technique uses a statistical relationship
Q30: Costs that repeat as project work continues
Q31: All of the following factors must be
Q32: Activity based costing allocates overhead (indirect costs)to
Q33: What type of cost is incurred when
Q35: Vendor bid analysis is used to determine
Q36: The cost management plan provides guidelines to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents