Question

Richard is collecting estimates for a house that he will have the funding to build in 12 months. Which of the following factors does Richard need to consider in regard to the quality of these estimates?A. Padding estimates
B. Planning horizon
C. Project structure
D. People
E. Project duration

Answer 1

Answer:

B. Planning Horizon

Explanation:

Planning horizon is the period estimated for a project to be completed. It is the time covered or taken by a particular plan or project in a planning cycle. It is the given period for the amount of work that can reasonably be scheduled on the basis of degree of project and resource availability. For Richard, in trying to determine quality of estimates involving time and funding, planning horizon needs to be considered.