If three tasks in a project are estimated to cost $2,000, $10,000, and $20,000 respectively, which of the following is a MISCONCEPTION in how to allocate funds to cover variability?

Question 10
If three tasks in a project are estimated to cost $2,000, $10,000, and $20,000 respectively, which of the following is a MISCONCEPTION in how to allocate funds to cover variability?

1 point

Contingency funds should be allocated to the third task, since it is the highest estimated cost

Contingency funds should be allocated to the project as a whole