What value can be obtained from documenting an estimate, other thanminimizing inaccuracies?

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Answer 1

The value that can be obtained from documenting an estimate, other than minimizing inaccuracies is that it improves communications between the customer, project team, and estimating team.

A thorough breakdown of all project expenditures is provided by accurate estimation and communication. If customers are aware of the "why" behind a project's cost, they are more inclined to accept your judgment and anticipate modifications to the cost estimate as the project develops. As a result, professional relationships improve.

It's crucial to keep in mind that the justification for estimates should be brief, and factual, and should outline the methods utilized to develop the cost estimate. The risks and opportunities associated with the project management strategy can be ascertained with the use of a well-written estimate's foundation.

Cost estimation serves the objective of providing project stakeholders with correct information about the associated project costs. When decisions are supported by data, making long-term decisions is made simpler.

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Related Questions

What are methods by which people can develop competence? (choose all that apply. ) multiple select question.

a. Interning

b. Watching

c. Cheating

d. Study

Answers

Answer:

A. B, and D!!

Explanation:

describe 3 proper and 3 improper practices of the use of sustainable development​

Answers

What is an instance of resource use that is sustainable?

Compared to non-renewable energy sources like fossil fuels, sustainable energy sources like solar, wind, biomass, geothermal, and hydropower are cleaner and better for public health.

How is the wise use of natural resources aided by sustainable development?

In order to ensure that resources are available for use by the current population without jeopardizing their availability for future generations, as well as without endangering the survival of other species and natural ecosystems, sustainable development aims to minimize environmental damage.

Which are the top five natural resources?

Natural resources include things like stone, sand, metals, oil, coal, and natural gas. Air, sunlight, soil, and water are examples of other natural resources. Plants, fish, birds, and animals are all examples of natural resources.

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Which reconstruction plan required the southern states to ratify the 14th amendment?

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1867 Reconstruction acts required the southern states to ratify the 14th amendment

The conditions for rebel states' readmission to representation were laid forth in the Reconstruction Act of 1867. Except for Tennessee, the former Confederate states were split into five military districts under the legislation. A new constitution had to be drafted for each state, and it had to be ratified by a majority of the voters African Americans—in that state. The Constitution's Thirteenth and Fourteenth Amendments also have to be ratified by every state. The former Confederate states might get full recognition and federal representation in Congress once they fulfilled certain requirements pertaining to safeguarding African Americans' property rights and rights to their own property. On March 2, 1867, the measure was signed into law when Congress overrode the president's veto.

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The clinic nurse is conducting an education session for clients who are taking anticoagulants. what important information should the nurse include when providing teaching to the clients?

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The clinic nurse is conducting an education session for clients who are taking anticoagulants. The fact is that they should take vitamin K at the same time each day is the most important information should the nurse include when providing teaching to the clients.

Anticoagulants are drugs that aid in the prevention of blood clots. In order to lower the likelihood that they would have dangerous diseases including heart attacks and strokes, they are given to persons who have a high risk of blood clots. Anticoagulants, sometimes referred to as blood thinners, are chemicals that stop or slow down blood clotting by preventing or reducing coagulation. Warfarin is the Anticoagulant that is most frequently given. There are also more recent Anticoagulant kinds that are becoming more popular. There are four of Anticoagulants: apixaban, dabigatran, and rivaroxaban.

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A new math club has formed and has 25 members. how many ways can the group elect a president, vice president, and treasurer if no person can have two roles?

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The definition of a member is a part of a group, system, or whole. An example of a member is the drummer in a band. An example of a member is the toe on a foot.

(a)13, 800

(6)32, 768

(c)630, 630

SOLUTION-

(a) Ways to choose a president, vice president and treasurer= NPR = 25! (25 – 3)!  = 25! (22)!  = 25×24×23 = 13,800

(b) The 7-digit string contains exactly 2 or eight's.

Hence giving other digits' positions, any digit other than 8 can exist. Hence 8 possibilities exist for 5 positions.

= 8^5 =32,768

(c) FORMULA -

= \frac{(total geraniums)!}{(red)!(white)!(pink)!}

= \frac{(15!)}{(4!)(6!)(5!)}

 = 630, 630

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If f and g are both even functions, is f g necessarily even? if both are odd, is their sum necessarily odd?

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The f and g are both even functions, is f g necessarily even.

The both are odd, is their sum is not necessarily odd.

What are odd and even numbers?

Numbers ending in 1, 3, 5, 7, and 9 are odd, while numbers ending in 0, 2, 4, 6, and 8 are even. Numbers such as 13, 25, 37, 49, and so on are examples of odd numbers, whereas numbers such as 22, 34, 70, 68, and so on are examples of even numbers.

Even numbers -divisible by 2 and end with 0, 2, 4, 6, or 8.

Odd numbers -not evenly divisible by 2 and end with1, 3, 5, 7, or 9.

How is the evenness proved?

Given: f and g are even functions.

Let us assume f = 2 and g = 4

So, fg = 8 = even

How is the oddness disproved?

Given: f and g are odd functions.

Let us assume f = 3 and g = 5

So, f + g = 8 = even (not odd)

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Patients who used the software were also a part of an exercise program whereas patients who did not use the software were not. does this change the validity of the conclusions from exercise 1.31?

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   Group              Showed improvement   No improvement   Deterioration                                    

Used program                  142                                43                             15

Did not use                         72                                110                             18 programs.

A software license typically gives the end user the right to one or more copies of the software without copyright infringement. The license also defines the responsibilities of the party entering into the license agreement and may impose restrictions on how the software may be used.

The history of software and its development can be traced back to the early nineteenth century. All computer systems are designed to use the stored program concept first developed by Charles Babbage in the 1850s. This concept was lost until the mid-1940s with the advent of modern computers. System software is a type of computer program designed to run computer hardware and application programs. If we think of a computer system as a layered model, the system software is the interface between the hardware and user applications.

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When preparing a class for a group of pregnant women about nicotine use during pregnancy, the nurse describes the major risks associated with nicotine use, including:_________

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When preparing a class for a group of pregnant women about nicotine use during pregnancy, the nurse describes the major risks associated with nicotine use, including decreased birth weight in neonates.

What are the effect of nicotine during pregnancy?Smoking tobacco when pregnant raises the risk of morbidity and even fatality in the newborn stage as well as later in life. Since nicotine addiction hinders many pregnant women from stopping smoking, nicotine replacement therapy (NRT) has been advocated as a better choice for the fetus. Exposure to nicotine during development interferes with normal neurotransmitter activity, which in turn causes neurodevelopmental abnormalities by altering the timing of neurotrophic processes. In the brain and lung, nicotine interacts with endogenous acetylcholine receptors. Apart from the extensive literature on prenatal exposure to cigarette smoke, there are very little human data available because exposure to pure nicotine during pregnancy is quite rare.

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Which statement about bias in social studies sources is true?
A .Most social studies sources contain some bias.
B. Bias is most often found in primary sources.
C. Bias is most often found in secondary sources.
D. Most social studies sources are unbiased.

Answers

Most social studies sources contain some bias

What issues of corporate governance and social policy are raised by the stanley black & decker merger?

Answers

The issues of corporate governance and social policy raised by Stanley black & decker merger are about location of headquarter, who will be the member of board director, salary of CEO, value transfer etc.

A number of significant issues with corporate governance and social policy are brought up by the Stanley Black & Decker acquisition. Both the quantity of layoffs and the outstanding rewards given to CEOs will probably be viewed as contentious.

A change in the company's ownership will result in a shift in the corporate culture. When business decisions and adjustments are necessary, this may cause uncertainty and risk. The combination is ultimately beneficial for the businesses, their shareholders, and Decker.

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The main difference between effort estimation and time estimation is that time estimation includes _____.

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The main difference between effort estimation and time estimation is that time estimation includes both effort and duration.

The evaluation of the number of hours required to perform a task, or a set of tasks is referred to as "time estimation." More precise time estimates can be given to you if you have a greater awareness of the details and subtleties of the task. As part of PERT, three estimation times; Optimistic Time Estimate, Most Likely Time Estimate, and Pessimistic Time Estimate, are used. These three estimated timings are obtained for each action in PERT. In this manner, a time window is provided for each action with the most likely value. The time estimate is the skill of precisely "guessing" how long it will take to perform a task.

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In some cases it is necessary to de-emphasize an idea, such as bad news. does the following selection emphasize or de-emphasize the bad news?

Answers

Answer:

hheyeyebehehenn3h28wjwj22

Explanation:

uuu

The metastatic spread of tumor cells is facilitated by _______ that enables invasion and movement to distant tissues.

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The metastatic spread of tumor cells is facilitated by enzyme secretion that enables invasion and movement to distant tissues.

A tissue is a collection of nearby cells that are arranged to carry out one or more particular jobs. The form and function of the four fundamental tissues types—epithelial tissue, connective tissue, muscular tissue, and nerve tissue—are as follows.

In addition to forming protective barriers, epithelial tissue plays a role in the transport of both ions and molecules.Other tissues types are supported and anchored by connective tissue.Movement in the body is started by the contraction of muscle tissue.Through the central and peripheral nervous systems, nervous tissues communicates and combines information.

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A u.s. marine drill instructor motivating new recruits to challenge themselves is engaged in which management function?

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A U.S. marine drill instructor motivating new recruits to challenge themselves is engaged in leading management function.

Motivating staff members and influencing their behaviour to achieve corporate objectives are all parts of leading. Instead of focusing on tasks, leadership focuses on managing the community, including specific employees, divisions, and factions. Motivation is a component of leadership, not a distinct management task.

Task distribution, division storage, administration delegation, and resource distribution are all aspects of organizing a business.

One of the important tasks of an administrator is controlling. An administrator is required to exercise effective control over the activities of the subordinates in order to obtain the desired results from the colleagues.

Planning in the field of management refers to the actions an organization must take to reach the goal, changes and obstacles to anticipate, and strategies to use available resources and other options to achieve the desired results.

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What is the name of the legally mandated area on every credit solicitation which provides information about the terms and conditions of the card? a. schroeder box b. schumer box c. disclosure box d. disclaimer box please select the best answer from the choices provided a b c d

Answers

Answer: a

Explanation:

In contrast to ______, radio and television provide political leaders with more control over media messages

Answers

In contrast to newspapers, radio and television provide political leaders with more control over media messages.

What is importance of newspaper?

Newspapers is known to be a tool that is often used to spread the news of the world to different corners of the earth.

Note that the use of  Newspapers give a lot of information as well as the general public knowledge but the use of media messages is known to be slowly taken over its dominance.

Therefore, In contrast to newspapers, radio and television provide political leaders with more control over media messages.

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The ability to understand people's emotions and manage your own emotions in a productive way is referred to as ________.

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The ability of understanding people's emotions and managing your own emotions in a productive way is known as emotional intelligence (EQ).

Emotional intelligence is the ability to understand and manage emotions in productive ways to communicate effectively, relieve stress, empathize with others, defuse conflict, and overcome challenges.  Using this ability, you can understand and manage your own emotions and emotions of other people as well.

By understanding and managing emotions in positive and productive ways, the ability of emotional intelligence helps in multiple ways, such as:

Building strong relationshipsSucceeding at work and schoolAchieving personal and career goalsTurning intention into actionConnecting with feelings; and Making informed decisions about what matters most.  

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The fact that these objects were found at a layer below Clovis artifacts suggest they

are younger than the Clovis artifacts.

are older than the Clovis artifacts.

are the same age as the Clovis artifacts.

Answers

The fact that these objects were found at a layer below Clovis artifacts suggests they are older than the Clovis artifacts.

This is further explained below.

What are Clovis artifacts?

Generally, Clovis points, which were constructed during the early part of the Paleoindian era, have been discovered all throughout North America, and the majority of the time they have been found in association with the bones of mammoths.

Folsom points are later artifacts that are mostly located in the middle and western sections of the continent.

They are often discovered in connection with the skeletal remains of bison.

In conclusion, It is likely that these items are older than the Clovis artifacts since they were discovered in a stratum that was located below the Clovis artifacts.

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Answer:

are older than the Clovis artifacts.

Explanation:

took on edge

When it is uncertain whether an obligation really exists, we may recognize what is referred to as a:_________

Answers

When it is uncertain whether an obligation really exists, we may recognize what is referred to as a Contingent liabilities

Contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event such as the outcome of a pending lawsuit. It is a liability or a potential loss that may occur in the future depending on the outcome of a specific event. Potential lawsuits, product warranties, and pending investigation are some examples of contingent "The Three Types of Law by the Law" is an essay by German economist and sociologist Max Weber explaining his classification of tripartite power. Behalf of third parties (such as loans to subsidiaries or guarantees that other companies will perform their contractual obligations; product warranties; shareholder guarantees.

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