MAN 4583 EXAM 1 MODULE 4 QUESTIONS AND
VERIFIED ANSWERS
"The average American gives 2.6% to charity every year" - www.1fortheworld.org
Best of luck with all your classes! - Answers - Thank You!
Parametric Model - Answers - Estimate work and cost based on a measured unit
Works best when you have data from many similar projects
Delphi Technique - Answers - When a project represents uncharted territory.
Counts on several heads being better than one
1) Ask several experts to produce estimates independent of one another, and keep the
estimates anonymous
2) Ask everyone to estimate again, repeat this step few more times and use the average
of the last round as the final estimated value.
Top Down - Answers - Estimate phases or major components and then break those
estimates into smaller pieces until you get to individual tasks
Bottom Up - Answers - Estimate each task and then add them up until you have the
estimate for the entire project
Choosing Estimate Value - Answers - Don't use the average value (means you are likely
to fail as you are to succeed), worst or best case estimate
Use: halfway between average and worse case value
Incrases the chance of success, pick higher value
Estimate Activity Durations - Answers - Those doing the work should make the
estimates
Duration of an activity depend on many variables - Answers - Assigned resources
Team member's experience level
Percentage of time the resources are assigned
Availability
, Estimation Factors - Answers - Law of diminishing returns
Number of resources
Advances in technology
Staff motivation
ITTO - Answers - Input, Tools & Techniques and Output
Input - Answers - Things that we use in the project to implement it.
Schedule management plan
Scope baseline; WBS dictionary
Activity list
Activity attributes
Resource requirements
Project team assignments
Resource calendars
Risk register
Milestone list
Resource breakdown structure
Assumption log
Lessons learned
Enterprise environmental factors
Organizational process assets
Tools and Techniques - Answers - Are methods, charts, techniques, and tools that are
used throughout a project's lifecycle to take process inputs and turn them into process
outputs
Expert judgment
Meetings
Analogous
Parametric
Three-point
Bottom-up
Decision making
Reserve analysis
Output - Answers - Duration estimates
Basis of estimates
Project documents updates
Task Dependencies - Answers - One task controls the timing of another
Predecessor - Answers - Task in control
Successor - Answers - Task being controlled
VERIFIED ANSWERS
"The average American gives 2.6% to charity every year" - www.1fortheworld.org
Best of luck with all your classes! - Answers - Thank You!
Parametric Model - Answers - Estimate work and cost based on a measured unit
Works best when you have data from many similar projects
Delphi Technique - Answers - When a project represents uncharted territory.
Counts on several heads being better than one
1) Ask several experts to produce estimates independent of one another, and keep the
estimates anonymous
2) Ask everyone to estimate again, repeat this step few more times and use the average
of the last round as the final estimated value.
Top Down - Answers - Estimate phases or major components and then break those
estimates into smaller pieces until you get to individual tasks
Bottom Up - Answers - Estimate each task and then add them up until you have the
estimate for the entire project
Choosing Estimate Value - Answers - Don't use the average value (means you are likely
to fail as you are to succeed), worst or best case estimate
Use: halfway between average and worse case value
Incrases the chance of success, pick higher value
Estimate Activity Durations - Answers - Those doing the work should make the
estimates
Duration of an activity depend on many variables - Answers - Assigned resources
Team member's experience level
Percentage of time the resources are assigned
Availability
, Estimation Factors - Answers - Law of diminishing returns
Number of resources
Advances in technology
Staff motivation
ITTO - Answers - Input, Tools & Techniques and Output
Input - Answers - Things that we use in the project to implement it.
Schedule management plan
Scope baseline; WBS dictionary
Activity list
Activity attributes
Resource requirements
Project team assignments
Resource calendars
Risk register
Milestone list
Resource breakdown structure
Assumption log
Lessons learned
Enterprise environmental factors
Organizational process assets
Tools and Techniques - Answers - Are methods, charts, techniques, and tools that are
used throughout a project's lifecycle to take process inputs and turn them into process
outputs
Expert judgment
Meetings
Analogous
Parametric
Three-point
Bottom-up
Decision making
Reserve analysis
Output - Answers - Duration estimates
Basis of estimates
Project documents updates
Task Dependencies - Answers - One task controls the timing of another
Predecessor - Answers - Task in control
Successor - Answers - Task being controlled
