From the graph provided one can surmise that the number of time spent on coast estimation, the less the efficiency one attains.O. A. TrueO. B. False ±30%±25%Scoping/feasibility± 20%Order of magnitude estimate+ 15%Partially designed+ 10%Design 60–100% complete+ 5%Detailed estimate1 hour1 day10 minutes1 weekTime Spent on EstimateAccuracy of Estimate3 weeks

This question is related to the topic - Cost estimation/Cost Management/Project Management and This…

Answered: From the graph provided one can surmise…

From the graph provided one can surmise that the number of time spent on coast estimation, the less the efficiency one attains. O. A. True O. B. False

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

From the graph provided one can surmise that the number of time spent on coast estimation, the less the efficiency one attains.

O. A. True

O. B. False

±30%
±25%
Scoping/feasibility
± 20%
Order of magnitude estimate
+ 15%
Partially designed
+ 10%
Design 60–100% complete
+ 5%
Detailed estimate
1 hour
1 day
10 minutes
1 week
Time Spent on Estimate
Accuracy of Estimate
3 weeks

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