WGU PROJECT MANAGEMENT C722, UNIT 6, MODULE 21, 22 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

WGU PROJECT MANAGEMENT C722, UNIT 6, MODULE 21,
22 UPDATED ACTUAL QUESTIONS AND CORRECT
ANSWERS

Question:
1. Which estimating method experiences more problems with padding?
a. Ratio and apportion
b. Top-down
c. Bottom-up
The risk of gross overestimation occurs when padding is over-applied in the bottom-up estimation method.
Answer:
c. bottom-up

Question:
2. What is true about bottom-up estimating?
a. Bottom-up estimates are done early in a project's life cycle when the organization is determining how
the project will meet a business need.
b. A bottom-up estimate must be created before the WBS is available.
c. Creating a bottom-up estimate requires people with expertise to do the work estimate of the labor,
supplies, materials, equipment, and any other resources needed to complete each individual work activity.
d. Bottom-up estimates are early approximations of cost.
Answer:
c. Creating a bottom-up estimate requires people with expertise to do the work estimate of the labor,
supplies, materials, equipment, and any other resources needed to complete each individual work activity.
Bottom-up estimating requires expertise in estimating a variety of costs.

Question:
3. Initial estimates of cost are most often developed using _____________ estimation methods.
a. top-down
b. bottom-up
Answer:
a. top-down
Initial estimates of cost are most often developed using top-down estimation methods.

Question:
4. True or False: Two examples of parametric estimating are the ratio and apportion methods.
Top-down methods, such as the ratio and apportion estimates, are based on the relationship between the
current project and historical data and are often referred to as parametric estimating.
Answer:
True: Top-down methods, such as the ratio and apportion estimates, are based on the relationship between
the current project and historical data and are often referred to as parametric estimating.

, Question:
5. The _________ requires that an overall project cost be provided based on the customer's budget or
similar projects. The overall budget is then allocated to the major work areas required in the project
(design, programming, testing, documentation, and user training). a/ ratio method b/ bottom up method c/
apportion method
Answer:
c. apportion method
The apportion method requires that an overall project cost be provided based on the customer's budget or
similar projects. The overall budget is then allocated to the major work areas required in the project
(design, programming, testing, documentation, and user training).

Question:
6. __________ is the term used for initial estimates in estimating project costs.
a. triple constraints
b. rough costs
c. hard costs
Answer:
b. rough costs
The term for the initial project cost estimates is rough costs.

Question:
7. What is more likely to be used during the defining phase of a project?
a. Rough costs
b. Bottom-up methods
c. Top-down methods
Answer:
c. Top-down methods
The organization uses top-down methods to estimate functionality, cost, and schedule during the defining
phase.

Question:
8. What has to be created first before a bottom-up estimate can be generated?
a. Project charter
b. Gantt chart
c. WBS
Answer:
c. WBS
The bottom-up method of estimating costs depends on the WBS, which outlines the activities required to
complete a project.

Question:
9. Project costs will be monitored by comparing actual costs to the ______________.
a. baseline budget
b. direct costs
c. estimates