Complex projects such as research and development for new products often employ rolling wave planning to estimate costs.Which of the following best describes "rolling wave" planning?
A) Project managers render a definitive estimate for the first stage and an order of magnitude estimate for the remainder of the project.
B) Project managers render an order of magnitude estimate for the first stage and a definitive estimate for the remainder of the project.
C) Project managers render definitive estimates for all stages of the project during initiation.
D) Project managers render an order of magnitude estimate for all stages of the project.

Question

Complex projects such as research and development for new products often employ rolling wave planning to estimate costs.Which of the following best describes "rolling wave" planning? 
A) Project managers render a definitive estimate for the first stage and an order of magnitude estimate for the remainder of the project. 
B) Project managers render an order of magnitude estimate for the first stage and a definitive estimate for the remainder of the project. 
C) Project managers render definitive estimates for all stages of the project during initiation. 
D) Project managers render an order of magnitude estimate for all stages of the project.

Quizplus · Accepted Answer

Rolling wave planning involves only estimating the costs and requirements for the immediate future, typically the next phase or stage of the project. This allows for flexibility and adjustment as the project progresses and more information becomes available. Therefore, project managers would render a definitive estimate for the first stage and an order of magnitude estimate for the remainder of the project.

Complex Projects Such as Research and Development for New Products