1.\u00a0Tops down budgeting utilize the judgment and experience of a top management team\t2.\u00a0The relationship between cost and time are linear.\t3.\u00a0In which phase of the project has the highest potential for errors in estimates?\t4.\u00a0A recent study shows that more than 83 percent of IT projects fail to meet their financial goals.\t5.\u00a0Which of the following is not a reason why cost estimating is important to projects?\t6.\u00a0Which of the following describes the reason why the issue of “low cost estimates”\ufffd can happen on a project?\t7.\u00a0Factors such as inflation, interest rates and environmental issues are considered external factors.\t8.\u00a0According to the text, horror stories of project failure due to unprecedented cost overruns are reporting in the business press on almost a daily basis.\t9.\u00a0Specification changes and the term “\ufffdscope creep’ are basically the same.\t10.\u00a0Which of the following is not a significant reason for cost overruns?<\/p>\n","protected":false},"excerpt":{"rendered":"
1.\u00a0Tops down budgeting utilize the judgment and experience of a top management team 2.\u00a0The relationship between cost and time are linear. 3.\u00a0In which phase of the project has the highest potential for errors in estimates? 4.\u00a0A recent study shows that Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-224964","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/224964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=224964"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/224964\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=224964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=224964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=224964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}