Question 1

Project estimates should be broken down into as much detail,and with as much accuracy,as possible.

Accepted Answer

A) True 
 B)False

Question 2

The preferred method for situations where the cost and time estimates are important,in a fixed contract situation,and when the customer wants a lot of detail is the ___________ approach to estimating project time and costs.

Accepted Answer

bottom-up
Explanation: Good co

Question 3

The estimating factor that considers the prevailing belief in some firms that detailed estimating takes too much time and is not worth the effort is an example of the ___________ factor.

Accepted Answer

organization culture
Explanation: Organi

Question 4

Which of the following is NOT one of the recommended guidelines for developing useful work package estimates?

Accepted Answer

A)  Estimates should be made by those responsible for the work 
B)  Use several people to estimate the same work 
C)  Estimates should be based on normal conditions 
D)  Estimates should include a normal level of contingency 
E)  Estimates should be independent of other projects 
A)  Estimates should be made by those responsible for the work 
B)  Use several people to estimate the same work 
C)  Estimates should be based on normal conditions 
D)  Estimates should include a normal level of contingency 
E)  Estimates should be independent of other projects

Question 5

The estimating factor that considers the skill level of participants doing the estimating is known as the ___________ factor.

Accepted Answer

people
Explanation: The people factor ca

Question 6

The ideal approach to estimating project time and costs is to use both the top-down and the bottom-up approach.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is a good condition for bottom-up estimating?

Accepted Answer

A)  When the project involves strategic decision making 
B)  When the project is internal and small 
C)  When there is a fixed price contract 
D)  When there is high uncertainty involved in the project 
E)  When there is an unstable scope 
A)  When the project involves strategic decision making 
B)  When the project is internal and small 
C)  When there is a fixed price contract 
D)  When there is high uncertainty involved in the project 
E)  When there is an unstable scope

Question 8

Estimating the total cost of a house by multiplying the total square feet by cost per square foot is an example of the apportion method of estimating costs.

Accepted Answer

A) True 
 B)False

Question 9

Jose is forecasting project time and cost for constructing a new building by multiplying the total square footage by a given dollar amount.Which of the following methods is he using?

Accepted Answer

A)  Ratio 
B)  Template 
C)  Apportion 
D)  Function point 
E)  Learning curve 
A)  Ratio 
B)  Template 
C)  Apportion 
D)  Function point 
E)  Learning curve

Question 10

Identify and briefly describe the two major classifications of estimating project time and costs.

Accepted Answer

The answer of Identify and briefly describe the two major...

Question 11

Identify and briefly describe three out of the six factors that should be considered to improve the quality of estimates for project times and costs.

Accepted Answer

The answer of Identify and briefly describe three out of...

Project estimates should be broken down into as much detail,and with as much accuracy,as possible.

The preferred method for situations where the cost and time estimates are important,in a fixed contract situation,and when the customer wants a lot of detail is the ___________ approach to estimating project time and costs.

The estimating factor that considers the prevailing belief in some firms that detailed estimating takes too much time and is not worth the effort is an example of the ___________ factor.

Which of the following is NOT one of the recommended guidelines for developing useful work package estimates?

The estimating factor that considers the skill level of participants doing the estimating is known as the ___________ factor.

The ideal approach to estimating project time and costs is to use both the top-down and the bottom-up approach.

Which of the following is a good condition for bottom-up estimating?

Estimating the total cost of a house by multiplying the total square feet by cost per square foot is an example of the apportion method of estimating costs.

Jose is forecasting project time and cost for constructing a new building by multiplying the total square footage by a given dollar amount.Which of the following methods is he using?

Identify and briefly describe the two major classifications of estimating project time and costs.

Identify and briefly describe three out of the six factors that should be considered to improve the quality of estimates for project times and costs.

Modern Project Management

Organization Strategy and Project Selection

Organization: Structure and Culture

Defining the Project

Developing a Project Plan

Managing Risk

Scheduling Resources and Costs

Reducing Project Duration

Leadership: Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

International Projects

Oversight

An Introduction to Agile Project Management

Project Management Career Paths

Filters

Exam 5: Estimating Project Times and Costs

Project estimates should be broken down into as much detail,and with as much accuracy,as possible.

The preferred method for situations where the cost and time estimates are important,in a fixed contract situation,and when the customer wants a lot of detail is the ___________ approach to estimating project time and costs.

The estimating factor that considers the prevailing belief in some firms that detailed estimating takes too much time and is not worth the effort is an example of the ___________ factor.

Which of the following is NOT one of the recommended guidelines for developing useful work package estimates?

The estimating factor that considers the skill level of participants doing the estimating is known as the ___________ factor.

The ideal approach to estimating project time and costs is to use both the top-down and the bottom-up approach.

Which of the following is a good condition for bottom-up estimating?

Estimating the total cost of a house by multiplying the total square feet by cost per square foot is an example of the apportion method of estimating costs.

Jose is forecasting project time and cost for constructing a new building by multiplying the total square footage by a given dollar amount.Which of the following methods is he using?

Identify and briefly describe the two major classifications of estimating project time and costs.

Identify and briefly describe three out of the six factors that should be considered to improve the quality of estimates for project times and costs.

Modern Project Management

Organization Strategy and Project Selection

Organization: Structure and Culture

Defining the Project

Developing a Project Plan

Managing Risk

Scheduling Resources and Costs

Reducing Project Duration

Leadership: Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

International Projects

Oversight

An Introduction to Agile Project Management

Project Management Career Paths

Filters