MNB2601 - ASSESSMENT 4 - QUESTIONS AND ANSWERS - SEMESTER 2 - 2024

2024 – S1 – MNB2601 – ASSESSMENT 4 – Q&A 1 Assessment 4 Started on Tuesday, 30 April 2024, State Finished Completed on Tuesday, 30 April 2024, Time taken Marks 15.00/15.00 Grade 100.00 out of 100.00 Question 1 In which of the following estimation techniques, when managed well, will a definitive estimate be produced, with high levels of confidence? a. deterministic estimation b. parametric estimation c. three -point estimation d. probabilistic estimation Feedback Your answer is correct. The correct answer is: deterministic estimation Question 2 Obeng’s model of project classification can be used to determine the characteristics of the data needed for estimation purposes in each quadrant of the model. Which one of the following statements accurately describes the characteristics of data in the “fog” quadrant of Obeng’s model? 2024 – S1 – MNB2601 – ASSESSMENT 4 – Q&A 2 a. Limited internal and external data are available; considerable effort is required to obtain the data; and the costs involved in obtaining the data are very high. b. Internal data relating to processes and tools are minimal; external data relating to services, products and processes are available in moderate volumes; and moderate effort is required to obtain the data. c. No internal data are available; a moderate amount/volume of external data is available with regard to services, products, processes and tools; and moderate effort is required to obtain the data. d. A high volume of data is available from internal and external sources; little effort is required to obtain the data; and the costs associated with obtaining the data are low. Feedback Your answer is correct. The correct answer is: Limited internal and external data are available; considerable effort is required to obtain the data; and the costs involved in obtaining the data are very high. Question 3 Which of the following statements concerning the critical chain method (CPM), as a scheduling method, is incorrect? a. The CPM is applied to a work breakdown structure. b. In order to determine the sequencing of the tasks, they are arranged according to their relationships or dependencies.