Question 9 of 50 You are a project manager for the Hardback Exchange, a retail c
ID: 340227 • Letter: Q
Question
Question 9 of 50 You are a project manager for the Hardback Exchange, a retail chain of book stores. You are working on activity estimates for the project and know that you'll need to install and configure several servers as one of the activities on this project. You'll need five servers for this job, and it takes 15 hours each to install and configure the servers, which means the activity will take 75 hours total. You know from past experience that you can run into some problems and decide to add an additional 20 percent of the total hours to this estimate to account for schedule uncertainty. This brings the final total to 90 hours. What type of estimate is this? O Bottom-up estimating O Analogous estimating O Parametric estimating O Three-point estimates Question 10 of 50 Which of the following is an appropriate tool to assess project performance? O Resource histogram O Trend analysis O Benchmarking O Quality audit Question 11 of 50 You are the project manager of the Cougar Consulting Project. The project has a budget of $920,000 and is expected to last three years. The project is now ten percent complete and on schedule. The project is currently $10,000 over budget. What is the BAC? O $930,000 O $1,630,000 O $910,000 S920 000Explanation / Answer
9)
Parametric Estimating : An estimating technique in which an algorithm is used to calculate cost or duration
based on historical data and project parameters.
Bottom-Up Estimating : Bottom-up estimating is a method of estimating a component of work. The cost of individual work packages oractivities is estimated to the greatest level of specified detail. The detailed cost is then summarized or “rolled up” to higher levels for subsequent reporting and tracking purposes.
Analogous Estimating : Analogous cost estimating uses the values such as scope, cost, budget, and duration or measures of scale suchas size, weight, and complexity from a previous, similar project as the basis for estimating the same parameter or measurement for a current project.
Three Point Estimate : It estimate the activity duration or cost based on three different view , optimistic, pessimistic and Most likely to remove uncertainties.
In this question , duration of completing the task is estimated using Bottom-up approach by aggregating the component work duration
Answer A) Bottom-up Estimating
10) Trend analysis examines project performance over time to determine if performance is improving or deteriorating.?
Answer : B : Trend Analysis
11) Budget, BAC = 920,000,
% completed = 10%
and On schedule and overbudget of $10,000
Budget at Completion , BAC = $920,000
Answer D) $920,000