Bottom up estimating - Study guides, Class notes & Summaries

WBS Dictionary correct answers A document that provides a description of each component - who is responsible for development - statement of work (SOW) - important milestones - estimate of costs and required resources Resource Scheduling correct answers A collection of techniques used to calculate the resources required to deliver the work and when they will be required. 1. create a network activity diagram first 2. adjust according to resource availability Duration correct ans...

OMGT Project Management Chapter 5 pt.2 Final Exam 2024. The process of forecasting or approximating the time and cost of completing project deliverables is called A. Budgeting. B. Predicting. C. Estimating. D. Planning. E. Guesstimating. - CORRECT ANSWER c In practice, estimating processes are frequently classified as A. Top down/bottom up. B. Rough/polished. C. Precise/order of magnitude. D. Draft/final. E. Broad/Specific. - CORRECT ANSWER a What...

Internal controls Process that is designed and implemented by an organization's management , board of directors and other employees to provide reasonable assurance that it will achieve its compliance, operating, and reporting objectives Cost Estimation Method: Parametric Estimating A cost estimation method that relies on a statistical relationship between historical costs and other variables, such as square footage. Cost Estimation Method: Analogous estimating A cost estimation method t...

What BEST describes the effect on the patient if you continue to lower a hearing instrument's kneepoint and increase the compression ratio? Choose ALL that apply. A. a lot of gain for soft sounds B. very few speech cues in a crowded party C. little or no gain for moderately loud sounds D. too much amplification in a crowded party - ANSWER-A,B, & C What frequencies would be MOST affected by a head cold? - ANSWER-Low frequencies. 250,500 What is found on the bottom of the ear canal? - ...

MC Qu. 02 (Static) In practice, estimating processes are frequently... In practice, estimating processes are frequently classified as top down/bottom up. rough/polished. precise/order of magnitude. draft/final. broad/specific. Estimating processes are frequently classified as top-down and bottom-up. Top-down estimates are usually done by senior management. Bottom-up estimates are typically done by the people doing the work. References Multiple Choice Difficulty: 1 Easy MC Qu. 02 (St...

What BEST describes the effect on the patient if you continue to lower a hearing instrument's kneepoint and increase the compression ratio? Choose ALL that apply. A. a lot of gain for soft sounds B. very few speech cues in a crowded party C. little or no gain for moderately loud sounds D. too much amplification in a crowded party - ANSWER-A,B, & C What frequencies would be MOST affected by a head cold? - ANSWER-Low frequencies. 250,500 What is found on the bottom of the ear canal? - ...

Removal of shingles (Ans- estimate for the actual number of squares (not square feet). No estimating or rounding Replacement of shingles (Ans- a) Include waste in the calculation -10% - Composite -15% - wood b) Round up to the nearest bundle -Assume 3 bundles per SQ for composite shingles -Assume 4 bundles per SQ for wood What do wood shingle estimates always end with? (Ans- fourths. .25, .5, .75, .00 What do composite shingle estimates always end with? (Ans- thirds. ...

ARE 5.0 Project Management Questions and Answers 100% Pass Project Management Includes project planning, scheduling, monitoring, coordinating and directing, updating documentation, closing out the job, and following up with clients. Partnering Various stakeholders in a project (such as the architect, owner, contractor and vendors) all participate in the decision-making process. Bar Chart Method commonly used for scheduling design and construction projects. Tasks are listed in chronological ord...

Addendum - A document describing an addition, change, correction, or modification to contract documents. An addendum is issued by the design professional during the bidding period or prior to the award of contract, and is the primary method of informing bidders of modifications to the work during the bidding process. Addenda become part of the contract documents (Finish x Thickness)/27 - CY of Concrete 20/80 rule - 80% of time is used for 20% of take-off 30 amps with 2 breakers - ex. 30/2 ...

Which Kanban key performance indicator allows teams to make reliable commitments about how long it takes them to deliver work? A. Defects B. Cycle time C. WIP D. Velocity - ANS B. Cycle time Explanation : Cycle time is the amount of time it takes for a team to complete a task from start to finish. It is a key performance indicator that allows teams to make reliable commitments about how long it takes them to deliver work. The Project Manager is currently estimatin...