Estimates of labour hours and completion dates are accurate for large,multiyear projects.

Question

Quizplus · Accepted Answer

Estimates of labour hours and completion dates for large, multiyear projects are subject to many variables and uncertainties, including changes in requirements, scope, and resources, as well as unforeseen events and risks. As a result, these estimates are often inaccurate and may require frequent revisions and updates based on emerging information and feedback. Therefore, it is generally advisable to use a range of estimates and contingency plans to manage schedule and cost risks and to monitor progress and performance continuously.

Estimates of Labour Hours and Completion Dates Are Accurate for Large,multiyear