Question: I 4. The customer responsible for overseeing your project asks you to provide a written cost estimate that is 30 percent higher th.in your estimate

I 4. The customer responsible for overseeing your project asks you to provide a written cost estimate that is 30 percent higher th.in your estimate of the project's cost. He explains tb:it the budgeting process requires managers to estimate pcssimistirnlly to ensure enough money is allocated for projects. What is the best way to h:mclle this?

A. Add the 30 percent as a lump sum contingency funJ to handle project risks .

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related PMP® Exam Practice Test And Study Guide Questions!