Which estimating technique decomposes the work into detailed pieces for which estimates are prepared and then aggregated into a total quantity for the project?

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• Q33:

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  • Which estimating technique decomposes the work into lower more detailed pieces?
  • Which estimating technique uses historical data from a similar project as a starting point for creating a time or cost estimate?
  • Which estimating technique uses a statistical relationship between historical data and other variables?
  • What type of cost is incurred when a project must be conducted faster than normal and overtime for workers and rapid delivery charges are necessary?

  All of the following are among the benefits realized as a consequence of developing a cost management plan EXCEPT: A) It shows how to develop and share relevant,accurate and timely information that stakeholders can use to make intelligent and ethical decisions. B) It documents how the business case should be created C) It helps stakeholders to focus on schedule and performance as well as cost. D) It provides feedback that shows how the project's success is related to business objectives.

• Q34:

  Costs that repeat as project work continues such as writing code are appropriately classified as: A) fixed costs. B) indirect costs. C) nonrecurring costs. D) recurring costs

• Q35:

  Which estimating technique uses an algorithm to calculate cost or duration based on historical data and other project parameters? A) empirical estimating B) parametric estimating C) grass roots estimating D) analogous estimating

• Q36:

  Complex projects such as research and development for new products often employ rolling wave planning to estimate costs.Which of the following best describes "rolling wave" planning? A) Project managers render a definitive estimate for the first stage and an order of magnitude estimate for the remainder of the project. B) Project managers render an order of magnitude estimate for the first stage and a definitive estimate for the remainder of the project. C) Project managers render definitive estimates for all stages of the project during initiation. D) Project managers render an order of magnitude estimate for all stages of the project.

• Q37:

  The approved time-phased project budget,excluding any management reserves,which can be changed only through formal change control procedures and is used as a basis of comparing actual results,is called a ____: A) measurement baseline. B) cost baseline. C) cost benchmark D) control account

• Q39:

  
  Figure 9-1 Time-phased budget -Consider the time-phased budget presented in Figure 9-1.What is the cumulative project budget through the end of April? A) $ 8.000 B) $20,000 C) $38,000 D) $46,000

• Q40:

  A project manager needs to ensure that the cumulative amount of cash coming into the project either from internal budgeting or from customer payments meets or exceeds the demands for paying cash out.

• Q41:

  Describe analogous,parametric and bottom-up estimating,and briefly discuss the advantages and disadvantages of each method.

• Q42:

  Events discovered during Identify Risks that may or may not occur are often categorized as: A) known knowns B) known unknowns C) unknown unknowns D) known certainties

• Q43:

  Discuss how the accuracy of cost estimates becomes more precise during a project.

b. False8.The _________is the approved budget, usually in a time distribution format, that is used toestimate, monitor, and control the overall cost performance of the project.

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9.Fixed costs remain the same regardless of the size or volume of work, while variable costs varydirectly with volume of use.

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10.Vendor bid analysis is used to determine whether the price being asked by the vendors appears tobe reasonable.a. Trueb. False

11.Which of these is NOT one of the items that can provide useful assistance to a project team todefine the activities of a project?

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12.To use the enumeration method of determining the critical path, we list or enumerate all of thepaths through the network.

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Which estimating technique decomposes the work into lower more detailed pieces?

Which estimating technique uses historical data from a similar project as a starting point for creating a time or cost estimate?

Which estimating technique uses a statistical relationship between historical data and other variables?

What type of cost is incurred when a project must be conducted faster than normal and overtime for workers and rapid delivery charges are necessary?