Question: The tendency to over - estimate project time and cost in order to improve the likelihood of meeting the estimates once the project is implemented

The tendency to over-estimate project time and cost in order to improve the likelihood of meeting the estimates once the project is implemented is known as:
Padding estimates
Planning horizon
Project structure
People
Organization culture
The tendency to over-estimate project time and cost in order to

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!

Q:

Financial statements of Champlain Ltd. and its 80%-owned subsidiary Samuel Ltd. as at December 31, Year 5, are presented below. Additional Information ¢ Champlain acquired 8,000 ordinary shares...

Q:

The estimating factor that considers the tendency to overestimate project time and cost in order to improve the likelihood of meeting the estimates is known as the factor. project complexity planning...

Q:

Section 2: Fill in the blank with the correct word using the list of terms provided below: (0.5 mark each) Work package, planning horizon, top-down, macro , bottom-up, micro , padding estimates ,...

Q:

Work package, planning horizon, top-down, macro bottom-up, micro, padding estimates , apportion. 1. Estimates that are typically based on estimates of elements found in the work breakdown structure...

Q:

Question 4 1 1 0 pts The estimating factor that considers the tendency to overestimate project time and cost in order to improve the likelihood of meeting the estimates is known as the factor....

Q:

The estimating factor that considers the tendency to overestimate project time and cost in order to improve the likelihood of meeting the estimates is known as the factor. padding estimates...

Q:

3 The estimating factor that considers the tendency to overestimate project time and cost in order to improve the likelihood of meeting the estimates is known as the factor. Multiple Choice eBook...

Q:

The estimating factor that considers the tendency to overestimate project time and cost in order to improve the likelihood of meeting the estimates is known as the _ _ _ _ _ _ _ _ _ _ _ factor....

Q:

The estimating factor that considers the tendency to overestimate project time and cost in order to improve the likelihood of meeting the estimates is known as the _ _ _ _ _ _ _ _ _ _ _ factor. A )...

Q:

The estimating factor that considers the tendency to overestimate project time and cost in order to improve the of meeting the estimates is known as the factor 2 4 Multiple Choice planning horizon...

Q:

Question 1 Cost, time, and budget estimates are the lifeline for control; they serve as the standard for comparison of the actual and the planned throughout the life of the project. True False 2...

Q:

Green Thumb Ltd. (GT Ltd.) is a Canadian-controlled private corporation operating a franchise gardening and plant nursery retail store in Kamloops, BC. Bob Green, is the company's sole shareholder...

Q:

Quiver Corporation and Swaze Corporation, two corporations of roughly the same size, are both involved in the manufacture of umbrellas. Each company depreciates its plant assets using the...

Q:

What are the problems encountered in a strict application of the ablity - to - pay principle of taxation?

Q:

Premise: Using a dictionary and list, create a set of key / value pairs that consists of a musical database. The key / value pairs should consist of Artist Name: Song Names pattern. For example, EACH...