Question: Match the uncertainty objects with examples. Question 5 options: Show-Stopper/Game Changer Design Uncertainty Schedule Driven Cost General Uncertainty General Cost Escalation Uncertainty General Schedule and
Match the uncertainty objects with examples. Question 5 options: Show-Stopper/Game Changer Design Uncertainty Schedule Driven Cost General Uncertainty General Cost Escalation Uncertainty General Schedule and Cost Uncertainties Currency Exchange Rate General Uncertainty 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 project's environmental impact, our project
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