WGU Project Management C722, Unit 6, Module 21, 22 with
verified answers
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. - correct answer ✔✔c. bottom-up
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. - correct 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.
, Initial estimates of cost are most often developed using _____________ estimation methods.
a. top-down
b. bottom-up - correct answer ✔✔a. top-down
Initial estimates of cost are most often developed using top-down estimation methods.
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. - correct
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.
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 - correct 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).
__________ is the term used for initial estimates in estimating project costs.
a. triple constraints
b. rough costs
c. hard costs - correct answer ✔✔b. rough costs
verified answers
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. - correct answer ✔✔c. bottom-up
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. - correct 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.
, Initial estimates of cost are most often developed using _____________ estimation methods.
a. top-down
b. bottom-up - correct answer ✔✔a. top-down
Initial estimates of cost are most often developed using top-down estimation methods.
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. - correct
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.
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 - correct 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).
__________ is the term used for initial estimates in estimating project costs.
a. triple constraints
b. rough costs
c. hard costs - correct answer ✔✔b. rough costs
