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 .
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