Richard is collecting estimates for a house that he will have the funding to build in 12 months.Which of the following factors does Richard 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

If Richard will not have funding to start the project for 12 months, he needs to consider the planning horizon.The accuracy of the time and cost estimates decrease as the planning horizon expands.

Richard Is Collecting Estimates for a House That He Will