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You are managing a water supply network deployment project. During project planning you are considering two approaches to lay the pipe network. Approach A will most likely cost $50,000 (±5%). Approach B will most likely cost $25,000 (±40%). Which approach will you select if your project stakeholders' risk tolerances are low and if you want to select the less risky approach?
A) Neither approach since they are not definitive estimates. B) Approach B since it ranges from $15,000 to $35,000. C) Approach A since it ranges from $47,500 to $52,500. D) A combination of approach A and B.
Hint: Estimates are never definitive.
Answer the question here...
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