OM 493 Chapter_05_Test_Bank A Graded

MC Qu. 02 (Static) In practice, estimating processes are frequently... In practice, estimating processes are frequently classified as top down/bottom up. rough/polished. precise/order of magnitude. draft/final. broad/specific. Estimating processes are frequently classified as top-down and bottom-up. Top-down estimates are usually done by senior management. Bottom-up estimates are typically done by the people doing the work. References Multiple Choice Difficulty: 1 Easy MC Qu. 02 (Static) In practice, estimating processes are frequently... Learning Objective: 05-03 Describe the methods, uses, and advantages and disadvantages of top-down and bottom-up estimating methods.       3. Award: 1.00 point MC Qu. 03 (Static) What is the relationship between organizational... What is the relationship between organizational culture and estimating? There is no relationship. Cultural norms affect the accuracy of estimates. Culture determines whether estimates are made. Estimating alters cultural norms. Estimating and culture are independent. Organizational culture can significantly influence project estimates. Organizations vary in the importance they attach to estimates. References Multiple Choice Difficulty: 2 Medium MC Qu. 03 (Static) What is the relationship between organizational... Learning Objective: 05-01 Understand estimating project times and costs is the foundation for project planning and control.       4. Award: 1.00 point MC Qu. 04 (Static) A good starting point for developing... A good starting point for developing time and cost estimates is past experience. work packages. task analysis. time and motion studies.