Thursday, 25 August 2016

INF 337 Week 2 Quiz

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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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