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Which of the following is a potential consequence of a low degree of accuracy in cost estimating?
22. Which of the following is a potential consequence of a low degree of accuracy in cost estimating?
- Enhanced project performance
- Increased stakeholder confidence
- Significant cost overruns
- Reduced project scope
Answer
The correct answer is: C) Significant cost overruns
Explanation
Budget problems and possible project delays might arise from cost overruns caused by inaccurate cost estimation.