Podcast
Questions and Answers
What factor is likely to contribute to a more accurate estimate?
What factor is likely to contribute to a more accurate estimate?
- Relying solely on guesses and assumptions
- The individual providing the estimate taking ownership (correct)
- Ignoring historical data
- Having multiple individuals involved in the estimation process
In the three-point estimating technique, what does the figure represent?
In the three-point estimating technique, what does the figure represent?
- Optimal time for completion
- Cost overruns
- Possible scenarios with optimistic and pessimistic estimates (correct)
- Number of tasks completed per day
What does the distribution of estimates add to the estimating process?
What does the distribution of estimates add to the estimating process?
- Adds knowledge and common sense (correct)
- Delays the project timeline
- Increases project costs
- Creates confusion and uncertainty
Which of the following factors directly impacts human productivity?
Which of the following factors directly impacts human productivity?
What does Parkinson's Law suggest about work and time?
What does Parkinson's Law suggest about work and time?
How does ownership of an estimate affect its accuracy?
How does ownership of an estimate affect its accuracy?
Which source provides the most accurate estimates?
Which source provides the most accurate estimates?
Which technique involves using a formula to calculate an estimate?
Which technique involves using a formula to calculate an estimate?
What is the purpose of the human productivity factor in estimating?
What is the purpose of the human productivity factor in estimating?
Which estimating technique uses a weighted average of optimistic, pessimistic, and most likely estimates?
Which estimating technique uses a weighted average of optimistic, pessimistic, and most likely estimates?
What is a common approach for determining the distribution of estimates across work packages?
What is a common approach for determining the distribution of estimates across work packages?
What is the primary consideration when making trade-offs between time, cost, and resources?
What is the primary consideration when making trade-offs between time, cost, and resources?
Which of the following is NOT a benefit of using three-point estimates for project estimation?
Which of the following is NOT a benefit of using three-point estimates for project estimation?
What is the primary purpose of the Program Evaluation and Review Technique (PERT)?
What is the primary purpose of the Program Evaluation and Review Technique (PERT)?
Which of the following statements about project estimates is TRUE?
Which of the following statements about project estimates is TRUE?
What is the purpose of the 'Plan Procurement Management' process in project management?
What is the purpose of the 'Plan Procurement Management' process in project management?
Which of the following is NOT one of the three sets of assumptions used in the three-point estimates technique?
Which of the following is NOT one of the three sets of assumptions used in the three-point estimates technique?
What is the relationship between best-case assumptions and project success, according to the text?
What is the relationship between best-case assumptions and project success, according to the text?
