|Actual Complete Exam |Already Graded A+
Rough Order of Magnitude (ROM) ✔Correct Answer-made at initiation of project, + or -50% from
actual cost
Budget estimate ✔Correct Answer-Made in planning, -10 to +25% off
Definite estimate ✔Correct Answer--5 to +25% off
Types of top down estimation techniques (4) ✔Correct Answer-Analogous, parametric/ratio
method, learning curves, function point analysis
types of bottom up estimation techniques (7) ✔Correct Answer-Single point, three point, simple,
average, multiple estimates from simple average, multiple estimators TE average, multiple estimators
Delphi
PERT (Program evaluation and review technique) steps ✔Correct Answer-1. 3 point estimate
2. Standard deviation + variances
Standard deviation equation ✔Correct Answer-Look on paper
Probability of completion equation ✔Correct Answer-Look on paper
Estimate of time equation ✔Correct Answer-look on paper
Variance equation ✔Correct Answer-look on paper
What did the setup of Quasar Communications look like in 1999? ✔Correct Answer-12 large
customers and 30-40 small
What change did Quasar Communications make in 1996? ✔Correct Answer-Trained all personnel
in PM
What did the authority vs responsibility balance look like for PMs at Quasar Communications in
1996? ✔Correct Answer-High responsibility, little authority
Who did a PM group include in Quasar Communications: For large customers, small, R&D, and capital
projects? ✔Correct Answer-4 individuals for 12 customers. 5 individuals for 30-40. 3 individuals for
R&D. One person for capital equipment projects.
What does a postmortem chart look like? ✔Correct Answer-Life, death, post mortem, life.....
What does a premortem chart look like? ✔Correct Answer-life, premortem, plans to do better
before failure
Why is a project charter important? (3 reasons) ✔Correct Answer-Provides intro to project, aligns
thinking, allows for obtainment of approval