INF 337 Week 2 Quiz
1. Factors such as inflation, interest rates and
environmental issues are considered external factors.
2. In which phase of the project has the highest potential
for errors in estimates?
3. The relationship between cost and time are linear.
4. Which of the following describes the reason why the issue
of “low cost estimates” can happen on a project?
5. Low initial cost estimates are not one of the reasons why
cost overruns happen so often.
6. Which of the following is not a source of project costs?
7. Specification changes and the term ‘scope creep’ are not
the same.
8. Which of the following is not a significant reason for
cost overruns?
9. According to the text, horror stories of project failure
due to unprecedented cost overruns are reporting in the business press on
almost a daily basis.
10. Bottoms up budgeting does not need the WBS identified to
be successful
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