Question

During project charter creation there is typically a very general understanding of the project, so any budget included is approximate and should be called a preliminary budget with a corresponding confidence level for this estimate. True False

Answer 1

To the question realized, the correct option is:

- True.

Step-by-step explanation:

In any project, the budget must be preliminary and subject to changes, the reason is that in the execution of the project, can appear so many inconvenient that has an additional cost and the executor or builder can not take over all the responsibility (overall in-state projects), in some projects the contractor could increase the cost in a 30% of the total cost of the project by this reason.