Quiz 3
Question 1 (1 point) ' Saved
You are the project manager for a project. You are about to create the cost estimates
for the project. Which input to this process will help you the most?
@ Parametric Modeling
Q WBS
O Requirements Document
Q Scope Statement
Question 2 (1 point) ' Saved
You are the project manager for a new technology implementation project.
Management has requested that your estimates be as exact as possible. Which one
of the following methods of estimating will provide the most accurate estimate?
Q Top-Down Estimation
Q Top-Down Budgeting
Q Three Point Estimation
@ Parametric Estimation
, Question 3 (1 point) ' Saved
Analogous estimating is
O Bottom-up
O Regression analysis
@ Less accurate than other estimating techniques
O More accurate than other estimating techniques
Question
4 (1 point) V' Saved
Of the following, which one is the most reliable source of information for estimating
project costs?
@ Historical information from similar recently completed projects
O Project manager's opinion
Q Recollections of team members that have worked on similar projects
Question 6 (1 point) ' Saved
Your company has been hired to install the tile in 1,000 hotel rooms. All rooms will
be identical in nature and will require the same amount of materials. The team
members have different levels of experience in the installation procedure (some are
novice, while others are experts). Assuming that the same team works on all the
installations, you calculate the time to install the tile in each hotel room to be six
hours with the cost per room of $700. Your project sponsor disagrees with your labor
estimate. Why?
You haven't completed one hotel room yet, so you don't know how long the
work will actually take.
O You have not factored in all of the effort applied to the work.
O You have not considered the law of diminishing returns.
@ You have not considered the learning curve
Question 1 (1 point) ' Saved
You are the project manager for a project. You are about to create the cost estimates
for the project. Which input to this process will help you the most?
@ Parametric Modeling
Q WBS
O Requirements Document
Q Scope Statement
Question 2 (1 point) ' Saved
You are the project manager for a new technology implementation project.
Management has requested that your estimates be as exact as possible. Which one
of the following methods of estimating will provide the most accurate estimate?
Q Top-Down Estimation
Q Top-Down Budgeting
Q Three Point Estimation
@ Parametric Estimation
, Question 3 (1 point) ' Saved
Analogous estimating is
O Bottom-up
O Regression analysis
@ Less accurate than other estimating techniques
O More accurate than other estimating techniques
Question
4 (1 point) V' Saved
Of the following, which one is the most reliable source of information for estimating
project costs?
@ Historical information from similar recently completed projects
O Project manager's opinion
Q Recollections of team members that have worked on similar projects
Question 6 (1 point) ' Saved
Your company has been hired to install the tile in 1,000 hotel rooms. All rooms will
be identical in nature and will require the same amount of materials. The team
members have different levels of experience in the installation procedure (some are
novice, while others are experts). Assuming that the same team works on all the
installations, you calculate the time to install the tile in each hotel room to be six
hours with the cost per room of $700. Your project sponsor disagrees with your labor
estimate. Why?
You haven't completed one hotel room yet, so you don't know how long the
work will actually take.
O You have not factored in all of the effort applied to the work.
O You have not considered the law of diminishing returns.
@ You have not considered the learning curve
