Question: A construction project manager has been tasked to find the uncertainties in the project. Once he finishes his assessment, these are the uncertainties he has

A construction project manager has been tasked to
A construction project manager has been tasked to find the uncertainties in the project. Once he finishes his assessment, these are the uncertainties he has found: 1- Construction will be executed in the winter and therefore the weather will be a factor. 2- Some materials are difficult to find in the market. 3- The cost of some construction work is unknown until the project is in progress. It could be higher or lower. 4- The final TOTAL cost of the project is unknown, it could be higher or lower than the assigned budget a) None of these four uncertainties can be analyzed in terms of a financial impact Ob) Only 4 can be analyzed in terms of a financial impact O c) Only 1 and 2 can be analyzed in terms of a financial impact O d) Only 3 can be analyzed in terms of a financial impact e) All of them can be analyzed in terms of financial impact

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 General Management Questions!