100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
PRM3701 ASSESSMENT 2 SEMESTER 2 2024 Which of the following does NOT help describe a bottom-up estimating approach? a. They are made by someone who uses experience and/or information from someone else to determine overall project cost and duration. $2.82
Add to cart
PRM3701 ASSESSMENT 2 SEMESTER 2 2024 Which of the following does NOT help describe a bottom-up estimating approach? a. They are made by someone who uses experience and/or information from someone else to determine overall project cost and duration.
11 views 0 purchase
Course
Project Management (PRM3701)
Institution
University Of South Africa (Unisa)
PRM3701 ASSESSMENT 2 SEMESTER 2 2024
Which of the following does
NOT help describe a bottom-up estimating approach?
a. They are made by someone who uses experience and/or information from someone else to determine overall project
cost and duration.
b. They establish low-cost, e cient me...
After reviewing the project scope statement, the owner specifies that costs MUST stay within R400,000. This criterion is
classified as
a. constrained.
b. enhanced.
c. accepted.
d. limited.
e. fixed.
Clear my choice
Question 2
Answer saved
Marked out of 1.00
The WBS is best suited for projects that have a tangible outcome. Which of the following is used when the final outcome of
the project is less tangible or is a product of a series of steps or phases?
a. Responsibility matrix
b. Organization breakdown structure
c. A work breakdown structure is still effective for these types of projects.
Consider a five-mile-long railroad tunnel. Tunnel experts and advocates estimate the total cost to be R200 million. What is the
reference class for this project? But reference class projects in this area have been over-budget by 30%. So, what should the
actual revised budget number be for this proposed five-mile tunnel project?
a. Past bridge projects, R230 million
b. Past tunnel projects, R260 million
c. Past highway projects, R200 million
d. Past building projects, R230 million
e. Past construction projects, R230 million
Clear my choice
Question 7
Answer saved
Marked out of 1.00
Which of the following does NOT help describe a bottom-up estimating approach?
a. They are made by someone who uses experience and/or information from someone else to determine overall project
cost and duration.
b. They establish low-cost, efficient methods for completing activities.
c. They typically come from the people actually doing the work and who are most knowledgeable about the task at
hand.
d. Estimates are made at the work package level and then "rolled up" to determine estimates for major deliverables and
for the project itself.
e. They can take place after the project has been planned in detail.
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BMZAcademy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.82. You're not tied to anything after your purchase.
