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MNB2601 ASSESSMENT 1 SEMESTER 1 2024 SEARCHABLE In which of the following estimation methods is a probabilistic analysis applied to determine the properties of the estimated forecast? For estimation to be effective, a threshold level of confidence must

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University Of South Africa (Unisa)

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Business Management by Portfolio

MNB2601 ASSESSMENT 1 SEMESTER 1 2024 SEARCHABLE In which of the following estimation methods is a probabilistic analysis applied to determine the properties of the estimated forecast? For estimation to be effective, a threshold level of confidence must be set. The threshold level is usually d...

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mnb2601 assessment 1 semester 1 2024 searchable

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,5/12/24, 7:23 PM Assessment 4

MNB2601-24-S1  Welcome Message  Assessment 4

QUIZ

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Question 1
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For estimation to be effective, a threshold level of confidence must be set. The threshold level is usually decided at the start
of a project.

Which one of the following levels of rigour in the estimation process is generally accepted and has a variance of 25%?

a. conceptual estimation

b. detailed estimation

c. definitive estimation

d. comprehensive estimation

Clear my choice

Question 2
Not yet answered

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In which of the following estimation methods is a probabilistic analysis applied to determine the properties of the estimated
forecast?

a.
Monte Carlo simulation

b.
probabilistic estimation

c.
power series estimation

d.
three-point estimation

Clear my choice

https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=19084976&cmid=879516 1/7

, 5/12/24, 7:23 PM Assessment 4

Question 3

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In managing estimates, variance analysis is performed, assuming that sound and reliable estimates were calculated to the
expected level of confidence.

In respect of which of the common causes of variance is a recommendation made to take care in developing and maintaining
the basis of estimates?

a. estimation errors

b. operational issues

c. approved changes

d. ambiguous requirements

Clear my choice

Question 4
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Which of the following statements concerning the precedence diagramming method (PDM), as a scheduling method, is
incorrect?

a.
PDM does not include the ability to introduce varying constraints.

b.
The tasks are sequenced between the start and finish of the project.

c. All tasks, except the start and the finish, have one or more predecessors and successors: no task is left unattended.

d. Relationships between tasks are indicated by arrows.

Clear my choice

https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=19084976&cmid=879516 2/7

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Exam (elaborations)

MNB2601 ASSESSMENT 1 SEMESTER 1 2024 SEARCHABLE In which of the following estimation methods is a probabilistic analysis applied to determine the properties of the estimated forecast? For estimation to be effective, a threshold level of confidence must

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