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# Parkinson's Law and Effective Estimating Quiz

Created by
@AutonomousPythagoras

### 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?

• 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?

• 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?

<p>Productivity factor and labor cost</p> Signup and view all the answers

### What does Parkinson's Law suggest about work and time?

<p>Work increases to match the time available</p> Signup and view all the answers

### How does ownership of an estimate affect its accuracy?

<p>Increases accuracy when the estimator takes ownership</p> Signup and view all the answers

### Which source provides the most accurate estimates?

<p>Historical data from similar projects</p> Signup and view all the answers

### Which technique involves using a formula to calculate an estimate?

<p>Parametric estimating</p> Signup and view all the answers

### What is the purpose of the human productivity factor in estimating?

<p>To account for the impact of team experience on productivity</p> Signup and view all the answers

### Which estimating technique uses a weighted average of optimistic, pessimistic, and most likely estimates?

<p>Three-point estimating</p> Signup and view all the answers

### What is a common approach for determining the distribution of estimates across work packages?

<p>Distribute estimates based on the complexity of each work package</p> Signup and view all the answers

### What is the primary consideration when making trade-offs between time, cost, and resources?

<p>Achieving the desired balance between constraints</p> Signup and view all the answers

### Which of the following is NOT a benefit of using three-point estimates for project estimation?

<p>It provides a single, definitive estimate for project duration</p> Signup and view all the answers

### What is the primary purpose of the Program Evaluation and Review Technique (PERT)?

<p>To apply a weighing factor to three-point estimates</p> Signup and view all the answers

### Which of the following statements about project estimates is TRUE?

<p>Estimates are projections into the future that are inherently uncertain</p> Signup and view all the answers

### What is the purpose of the 'Plan Procurement Management' process in project management?

<p>To outline how procurement processes will be managed throughout the project</p> Signup and view all the answers

### Which of the following is NOT one of the three sets of assumptions used in the three-point estimates technique?

<p>Human productivity factor</p> Signup and view all the answers

### What is the relationship between best-case assumptions and project success, according to the text?

<p>Best-case assumptions are likely to set your project up for failure</p> Signup and view all the answers

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