7 - Conclusion and References
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Practice Questions
Test your understanding with targeted questions
What does the Caterpillar method focus on?
💡 Hint: Think about how businesses track equipment costs over time.
Describe what FOG stands for.
💡 Hint: Remember the components affecting operational expenses.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does the acronym FOG stand for?
💡 Hint: It relates to operational costs.
True or False: The Caterpillar method relies solely on current market rates.
💡 Hint: Think about how this method bases its calculations.
2 more questions available
Challenge Problems
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You are estimating costs for an unconventional mining project. Discuss the pros and cons of using the Caterpillar method vs. the Time Value method.
💡 Hint: Weigh the historical data reliability against project uniqueness.
Analyze how incorrect FOG factor estimates impact project overall costs. Propose mitigations.
💡 Hint: Consider how ongoing adjustments can help maintain budget accuracy.
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