A key for developing project cost estimates is to:
A)cost the project while considering the total package.
B)cost the project on a work package and task basis.
C)cost the project on a major module basis.
D)cost the project and add 33% for contingency.

Question

Quizplus · Accepted Answer

Costing the project on a work package and task basis allows for a more detailed and accurate estimate, as it takes into account all the individual components and activities needed to complete the project. Costing on a major module basis or simply applying a percentage for contingency may result in an over or underestimation of the project cost.

A Key for Developing Project Cost Estimates Is To