Question: Match the uncertainty objects with examples. Question 5 options: Design Uncertainty General Cost Escalation Uncertainty Show - Stopper / Game Changer Currency Exchange Rate General

Match the uncertainty objects with examples.
Question 5 options:
Design Uncertainty
General Cost Escalation Uncertainty
Show-Stopper/Game Changer
Currency Exchange Rate General Uncertainty
Schedule Driven Cost General Uncertainty
General Schedule and Cost Uncertainties
1.
We are certain that the design, build, and test activities will occur, but we are uncertain about the duration and the cost which can range anywhere between low and high with a most likely value representing a reasonable baseline.
2.
We are certain we need the new high-tech equipment, but we will need to make some design allowances until detail designs are completed.
3.
We are certain we will need materials of the new product, but we are uncertain of their cost since their index values have been erratic for the past few years.
4.
We must exchange our dollars for Euros to buy high-tech equipment from Germany. The exchange rate is continuous changing.
5.
Because of the novel technologies being used and delivery schedules for overseas shipping, schedules are expected to slip. This raises costs associated with labor and rented equipment for those activities that were delayed.
6.
Due to direct opposition by local communities to the preliminary assessment of the projects environmental impact, our project was challenged during public hearings. This resulted in permitting and final investment decision delays, damage to the companys reputation, and complications relating to local communities. As a result, the company terminated the project.

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!