5/12/24, 7:23 PM Assessment 4
MNB2601-24-S1 Welcome Message Assessment 4
QUIZ
Time left 1:36:18
Question 1
Not yet answered
Marked out of 1.00
For estimation to be effective, a threshold level of confidence must be set. The threshold level is usually decided at the start
of a project.
Which one of the following levels of rigour in the estimation process is generally accepted and has a variance of 25%?
a. conceptual estimation
b. detailed estimation
c. definitive estimation
d. comprehensive estimation
Clear my choice
Question 2
Not yet answered
Marked out of 1.00
In which of the following estimation methods is a probabilistic analysis applied to determine the properties of the estimated
forecast?
a.
Monte Carlo simulation
b.
probabilistic estimation
c.
power series estimation
d.
three-point estimation
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=19084976&cmid=879516 1/7
,5/12/24, 7:23 PM Assessment 4
Question 3
Not yet answered
Marked out of 1.00
In managing estimates, variance analysis is performed, assuming that sound and reliable estimates were calculated to the
expected level of confidence.
In respect of which of the common causes of variance is a recommendation made to take care in developing and maintaining
the basis of estimates?
a. estimation errors
b. operational issues
c. approved changes
d. ambiguous requirements
Clear my choice
Question 4
Not yet answered
Marked out of 1.00
Which of the following statements concerning the precedence diagramming method (PDM), as a scheduling method, is
incorrect?
a.
PDM does not include the ability to introduce varying constraints.
b.
The tasks are sequenced between the start and finish of the project.
c. All tasks, except the start and the finish, have one or more predecessors and successors: no task is left unattended.
d. Relationships between tasks are indicated by arrows.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=19084976&cmid=879516 2/7
, 5/12/24, 7:23 PM Assessment 4
Question 5
Not yet answered
Marked out of 1.00
For estimation to be effective, a threshold level of confidence must be set. The threshold level is usually decided at the start
of a project.
Which one of the following levels of rigour in the estimation process is generally accepted and has a variance of 10%?
a.
detailed estimation
b.
conceptual estimation
c.
definitive estimation
d.
comprehensive estimation
Clear my choice
Question 6
Not yet answered
Marked out of 1.00
The portfolio manager at MFM Manufacturers has to choose between the execution of two competing projects, namely,
project A and project B. The mean-variance rule can be used to choose between these projects. The mean-variance rule
states that an investment in project A will be preferred to an investment in project B, provided that (i) ______ or (ii) ______.
a.
(i) either the mean expected return on project A exceeds that of project B and the variance of project A is equal to or
less than that of project B; (ii) the mean expected return on project A exceeds or is equal to the expected return on
project B and the variance of project B is greater than that of project A
b. (i) either the mean expected return on project A exceeds that of project B and the variance of project A is equal to or
more than that of project B; (ii) the mean expected return on project A exceeds or is equal to the expected return on
project B and the variance of project B is greater than that of project A
c. (i) either the mean expected return on project A exceeds that of project B and the variance of project A is equal to or
more than that of project B; (ii) the mean expected return on project B exceeds the expected return on project A
d. (i) either the mean expected return on project B exceeds that of project A and the variance of project B is equal to or
more than that of project A; (ii) the mean expected return on project B exceeds or is equal to the expected return on
project A and the variance of project A is greater than that of project B
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=19084976&cmid=879516 3/7
MNB2601-24-S1 Welcome Message Assessment 4
QUIZ
Time left 1:36:18
Question 1
Not yet answered
Marked out of 1.00
For estimation to be effective, a threshold level of confidence must be set. The threshold level is usually decided at the start
of a project.
Which one of the following levels of rigour in the estimation process is generally accepted and has a variance of 25%?
a. conceptual estimation
b. detailed estimation
c. definitive estimation
d. comprehensive estimation
Clear my choice
Question 2
Not yet answered
Marked out of 1.00
In which of the following estimation methods is a probabilistic analysis applied to determine the properties of the estimated
forecast?
a.
Monte Carlo simulation
b.
probabilistic estimation
c.
power series estimation
d.
three-point estimation
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=19084976&cmid=879516 1/7
,5/12/24, 7:23 PM Assessment 4
Question 3
Not yet answered
Marked out of 1.00
In managing estimates, variance analysis is performed, assuming that sound and reliable estimates were calculated to the
expected level of confidence.
In respect of which of the common causes of variance is a recommendation made to take care in developing and maintaining
the basis of estimates?
a. estimation errors
b. operational issues
c. approved changes
d. ambiguous requirements
Clear my choice
Question 4
Not yet answered
Marked out of 1.00
Which of the following statements concerning the precedence diagramming method (PDM), as a scheduling method, is
incorrect?
a.
PDM does not include the ability to introduce varying constraints.
b.
The tasks are sequenced between the start and finish of the project.
c. All tasks, except the start and the finish, have one or more predecessors and successors: no task is left unattended.
d. Relationships between tasks are indicated by arrows.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=19084976&cmid=879516 2/7
, 5/12/24, 7:23 PM Assessment 4
Question 5
Not yet answered
Marked out of 1.00
For estimation to be effective, a threshold level of confidence must be set. The threshold level is usually decided at the start
of a project.
Which one of the following levels of rigour in the estimation process is generally accepted and has a variance of 10%?
a.
detailed estimation
b.
conceptual estimation
c.
definitive estimation
d.
comprehensive estimation
Clear my choice
Question 6
Not yet answered
Marked out of 1.00
The portfolio manager at MFM Manufacturers has to choose between the execution of two competing projects, namely,
project A and project B. The mean-variance rule can be used to choose between these projects. The mean-variance rule
states that an investment in project A will be preferred to an investment in project B, provided that (i) ______ or (ii) ______.
a.
(i) either the mean expected return on project A exceeds that of project B and the variance of project A is equal to or
less than that of project B; (ii) the mean expected return on project A exceeds or is equal to the expected return on
project B and the variance of project B is greater than that of project A
b. (i) either the mean expected return on project A exceeds that of project B and the variance of project A is equal to or
more than that of project B; (ii) the mean expected return on project A exceeds or is equal to the expected return on
project B and the variance of project B is greater than that of project A
c. (i) either the mean expected return on project A exceeds that of project B and the variance of project A is equal to or
more than that of project B; (ii) the mean expected return on project B exceeds the expected return on project A
d. (i) either the mean expected return on project B exceeds that of project A and the variance of project B is equal to or
more than that of project A; (ii) the mean expected return on project B exceeds or is equal to the expected return on
project A and the variance of project A is greater than that of project B
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=19084976&cmid=879516 3/7
