Which of the following would be considered most important when carrying out a detailed evaluation of a change?
A. Impact of change on baseline, risks and business case.
B. The configuration requirements Of the change when implemented into the project,
C. The number of extra people required to deliver the change.
D. How the change will be reported when it is implemented into the project.
When no other changes are being considered to the project, this is usually termed as a:
A. scope verification.
B. change freeze.
C. consolidated baseline.
D. configuration control.
What aspect of the project will have greatest influence on the estimating method being used?
A. The point in the life cycle where the estimate is being carried out.
B. The overall budgeted value of the project being estimated.
C. Whether the project is likely to proceed or not.
D. The amount of acceptable estimating tolerance that exists.
What is the prime advantage of using a parametric estimating method?
A. Accuracy,
B. Ability to deal With detailed information.
C. Independence from historic data.
D. Speed.
Which of the following statements about estimating is true?
A. Post project reviews are a prime source of estimating data.
B. An estimated cost for a project must be 10 per cent to be any use
C. If you cannot estimate task durations to within 20 per cent there is no point in developing a schedule.
D. The project manager should always add 10 cent to peoples duration estimates to allow for natural optimism
The project you are working on has chosen to produce an estimate using a detailed work breakdown structure (WBS). What estimating method is this approach commonly known as?
A. Comparative estimating.
B. Bottom-up/analytical estimating.
C. Strategic estimating.
D. Parametric estimating.
The concept that describes how estimating accuracy changes through the project life cycle is termed:
A. estimating risk.
B. estimating funnel.
C. normal values.
D. parametric estimating.
What is the estimating method that uses data from a similar project as the basis for the estimate?
A. Evaluative estimating.
B. Risk based estimating.
C. Analogous estimating.
D. Analytical estimating.
When the project progresses through the life cycle. which one of the following aspects would be expected to occur?
A. The accuracy of the estimate reduces and the level of contingency requirement increases.
B. The accuracy of the estimate increases and the level of contingency requirement reduces.
C. The accuracy and level Of contingency requirement both increase.
D. The accuracy and level of contingency requirement both reduce.
What is one of the main features of using analogous method of estimating?
A. The individual group members use a statistical relationship between historic data and other variables to calculate an estimate.
B. The task of producing the estimates will be delegated to those who are actually going to deliver the individual pieces of work or work packages.
C. The individual group members, who are tasked with providing the estimates, do this in isolation from each other.
D. The individual group members identify a previously delivered project of the same size. complexity and delivery method.
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